These deductions are household items that you are using in your business. These include your washer, dryer, refrigerator, stove, television, beds, tables, chairs, lawn mower and snow blower. In addition to furniture and appliances, you can also include rugs, lamps, bedding, silverware, pots and pans, curtains, towels, tools, and so on.
Anything that you owned before you went into business that is now being used in your business can be claimed as a business expense by depreciating it.
Household items are depreciated over 7 years. If you are using these items for both business and personal use, apply your Time-Space Percentage before depreciating them.
If you are a new child care provider –
Conduct a household inventory of all household items by writing them down. This job can be made easier by using my Family Child Care Inventory-Keeper. It is an easy-to-use log that enables you to track your household items by room. In addition, take pictures of each room in your home (including your basement and garage).