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    Client claims daycare business.

    momma1
    Level 3
    ‎12-26-2022 09:19 AM

    Client claims daycare business and deducts in home expenses.  Has turned the garage into a play center can she claim the garage by depreciating the value of the garage? If not, how would she claim the play center.

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    3 Comments 3
    Terry53029
    Level 15
    Level 15
    ‎12-26-2022 11:19 AM

    Add the square footage of garage to area used exclusively for daycare. see pub 587

    sjrcpa
    Level 15
    ‎12-26-2022 01:38 PM

    And you depreciate the cost of the garage, not the value (unless the value is less than cost on the day it became used for business.)


    The more I know the more I don’t know.
    momma1
    Level 3
    ‎12-29-2022 01:33 PM

    Thank you for your prompt response.

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