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Jim10
Level 3
July 15, 2022
Question

Uses business exp for in-home daycare business. Can taxpayer use part of solar credit for 1120S daycare business?

  • July 15, 2022
  • 2 replies
  • 32 views
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2 replies

qbteachmt
qbteachmt
Level 15
July 15, 2022

Am I right in assuming the S Corp does not own the real estate, any improvements, or even the solar generation system?

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    TaxGuyBill
    July 15, 2022

    They are filing a 1120-S for an in-home daycare???

    How is it arranged?  How is the corporation paying for expenses for the home?

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