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Home Repairs for Daycare, But I Don't Own The Home?

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  • Home Repairs for Daycare, But I Don't Own The Home?

    I just have a quick question on home repairs and updates. My playroom is in desperate need of new windows, and I had planned to pay for these from my business account, thinking that it would be a business expense, as it is needed for daycare. My SO doesn't think that I should, as he owns the house, and my name is not on any deed. He worries that if I am audited, that it could come back to bite me. Is this true? I know nothing about this, and I was just assuming that because I used the room for daycare, all maintenance and repairs would be considered business related.

  • #2
    home repairs

    Originally posted by Miss A View Post
    I just have a quick question on home repairs and updates. My playroom is in desperate need of new windows, and I had planned to pay for these from my business account, thinking that it would be a business expense, as it is needed for daycare. My SO doesn't think that I should, as he owns the house, and my name is not on any deed. He worries that if I am audited, that it could come back to bite me. Is this true? I know nothing about this, and I was just assuming that because I used the room for daycare, all maintenance and repairs would be considered business related.
    If you pay for the home repair you can deduct the business portion even if you don't own the home. See my article: http://tomcopelandblog.com/can-you-c...re-not-married
    http://www.tomcopelandblog.com

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    • #3
      Thank you!

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