The only option I find in Turbo Tax is for use of a home office. This space is used exclusively for daycare. How do I find where to enter this in Turbo Tax?
These details will be captured while completing your Schedule C. As you continue to answer the questions, it will provide you with the opportunity to change from the simplified method to the actual expenses method. This can be deducted only if you are a licensed daycare provider.
To begin in the Schedule C expense interview, select Home office as an expense and Continue and Yes.
For more information, see: 2020 Publication 587: Business Use of Your Home, page 12, DayCare Facility
These details will be captured while completing your Schedule C. As you continue to answer the questions, it will provide you with the opportunity to change from the simplified method to the actual expenses method. This can be deducted only if you are a licensed daycare provider.
To begin in the Schedule C expense interview, select Home office as an expense and Continue and Yes.
For more information, see: 2020 Publication 587: Business Use of Your Home, page 12, DayCare Facility