turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts about Education: Credits & Reporting! >> Event happening TODAY!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Matjh1
New Member

where to deduct utilities for home daycare

where in this program do I go to add in utilities for a home daycare?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MindyB
Employee Tax Expert

where to deduct utilities for home daycare

You can deduct the utilities by entering the amount in the "home office" deduction section. If you want to expense the utilities, you will have to opt out of the simplified deduction. The simplified deduction may or may not be beneficial. ‌You should compare the actual expenses and simplified deduction before deciding.

 

Here's how to do this in TurboTax Online:

  • Open or continue your return.
  • Navigate to the Schedule C section: Federal > Wages & Income > Self-Employment > Edit > Add expenses for this work > Home office
  • Answer the questions about the home and  "office" (daycare)
  • Answer you want to take actual expenses (It will tell you the simplified deduction amount here)
  • You will have questions to answer about mortgage, etc. You will get to a page called "Enter utility expenses". There you can enter either the utilities for the whole home that will be allocated or home office utilities only, which can be entered if the daycare's utilities are billed separately.

 

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question