I want to open a home daycare next year. Since I already have people who need the care and will be bring their children to me, I will have to file taxes. This will be my first time filing taxes.
I want to know what type of stuff I can write off on my taxes as bissnues. Sine it will cost a lot to do the remodels needed to start the daycare. Plus all the stuff I’ll need for the kids. Like, toys, outdoor equipment, books, beds, ETC.
If I do re modeling on my home for the daycare can that be written off? How about stuff like a new fence, or safety items?
What can and can’t be written off?