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If you are asking if you can include a portion of your mortgage as an expense to reduce the income you received in running your daycare business, the answer is yes.
If you are asking if you can use your mortgage to claim the childcare credit, the answer is no.
Because you are self-employed, housing-related expenses such as mortgage interest, rent, utilities, repairs, and depreciation for the portion of your home or rental that you use to run your business are allowable expenses under the home office deduction.
You may be able to claim the home office deduction if your office is:
When you enter your home office information in TurboTax, we'll ask some questions to determine if you can claim the deduction and how much the deduction is worth. You’ll need information like the square footage of your residence and the rooms you worked in.
To enter your home office expense along with other common business expenses:
If you are asking if you can include a portion of your mortgage as an expense to reduce the income you received in running your daycare business, the answer is yes.
If you are asking if you can use your mortgage to claim the childcare credit, the answer is no.
Because you are self-employed, housing-related expenses such as mortgage interest, rent, utilities, repairs, and depreciation for the portion of your home or rental that you use to run your business are allowable expenses under the home office deduction.
You may be able to claim the home office deduction if your office is:
When you enter your home office information in TurboTax, we'll ask some questions to determine if you can claim the deduction and how much the deduction is worth. You’ll need information like the square footage of your residence and the rooms you worked in.
To enter your home office expense along with other common business expenses:
All of the certified family home income is non-taxable if it is for a family member and you are not running a business
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