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Reply to "Why isn’t childcare a business expense?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What "business" are you operating that you would deduct such expenses?[/quote] OP here. I’m a dermatologist with a solo practice. [/quote] So? How is child care a business expense?[/quote] Because, for the next few years, I need my nanny in order to run my practice. This is normal and reasonable. If I wasn’t working, I wouldn’t need her. [/quote] Can you hire your nanny as an employee of your business?[/quote] What would be the business justification of employing a nanny? Unless it was a nanny who looked after the children of any of OP's staff, on site. [/quote] Who cares what the business justification is? OP is the sole owner of the business and the sole practitioner. The business justification is the same as hiring a bookkeeper: without that person, OP cannot do her work.[/quote] DP The IRS cares, and they do not allow this. Look it up. There is a tax credit for employers that provide child care as a benefit for their employees but this would not help OP.[/quote]
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