COPYRIGHTED MATERIAL
46 Family Child Care Tax Workbook and Organizer
Your Depreciation
Enter all the depreciable items you bought last year on the worksheet. (Use the depreciation
tables in chapter 3 to fill in the Table % column in the depreciation worksheet.) Enter your
depreciation deductions on Form 4562. For depreciable items that you bought before last
year and after you went into business, fill out copies of this page. Enter depreciation for each
year on Form 4562. Enter the first year of depreciation as described in chapter 3. After the
first year, enter depreciation (except home and home/land improvements) on Form 4562,
line 17.
Your Home Depreciation
(including home and land improvements)
Purchase price of your home
___________
Value of land (at time of purchase)
– ___________ Value of any improvements
to your home or land that you
completed before your business began (see below)
+ ___________ (A)
Your home’s adjusted value
Enter your home’s adjusted value on Form 8829, line 36
= ___________
Improvements Completed before Your Business Began
Description
of Project
_________________ _________________
_________________ _________________
_________________ _________________
Month/Year
Completed Cost of
Project ______________ __________
______________ + __________
______________ + __________
______________ + __________
______________ + __________
______________ + __________
Total cost of all projects
If You Use the Inventory-Keeper
Use the numbers from page 53.
COPYRIGHTED MATERIAL
= __________ (A)