2007-01-15 00:25:18 · 5 answers · asked by tina s 1 in Business & Finance ➔ Taxes ➔ United States
You would do your return as a Sole Proprietor using Schedule C, including business use of your home.
The treatment of the business use of your home is specially treated, based on the hours your service was operating rather than just the percentage of the use of your home. So pay extra attention to that part of your return.
If your locality requires your facility have a license, then you must have that license to take the tax deductions on your federal return.
2007-01-15 01:29:14 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
I assume you are operating as a sole proprietorship
On schedule C, income and expenses from business activities are reported.
Unfortunatley, since I assume you also operate out of your house, it gets pretty sticky on what you can and cant claim as a business expense.
2007-01-15 00:31:10 · answer #2 · answered by M O 6 · 0⤊ 0⤋
You'd be wise to talk to a CPA and ask what you can deduct. They might come up with enough items you wouldn't think of to make it worth your while.
2007-01-15 01:58:54 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
the best way to answer this question is to call hr block or some one that does taxes
2007-01-15 01:00:40 · answer #4 · answered by bobbydennis352005 2 · 0⤊ 1⤋
do u have a license if so than yes u can
2007-01-15 01:53:21 · answer #5 · answered by Halos answer 2 · 0⤊ 0⤋