I made one payment in 2016 for preschool tuition. The school year covers periods 09/01/2016 - 06/10/2017. Do I need to prorate these costs for the child care credit?
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I made one payment in 2016 for preschool tuition. The school year covers periods 09/01/2016 - 06/10/2017. Do I need to prorate these costs for the child care credit?
I made one payment in 2016 for preschool tuition. The school year covers periods 09/01/2016 - 06/10/2017. Do I need to prorate these costs for the child care credit?
You should pro-rate the preschool tuition. See the first sentence on page 10 of this IRS publication: