Construction loan as income
I am a contractor with a residential construction business. I just completed building my personal home. During the construction loan, my business was closed and i received no business income except for i used just enough of my construction loan in order to satisfy my bills for rent, food, utilities and basic needs. I did 80% of the work on my home but never "billed" myself for the work that i did. Being my own contractor, I paid the subcontractors that i did use and also for all the materials and permit fees. My question is do i need to report either the entire construction loan as taxable income ( which would necessitate claiming deductions for sub's, materials, fees, and mileage for my vehicle) or only the money that i used to pay my bills as income or neither?