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June 1, 2019
Solved

Can we deduct our time? Started a coaching/consulting business in May 2018. The first 10 clients we took care of pro bono. Can we write off that time?

  • June 1, 2019
  • 1 reply
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We charge per hour, and per product produced. 

Best answer by Coleen3

Unfortunately, no. Your own time and labor are never deductible. If you gave away any products for free, you can include them as a promotional expense.

1 reply

Coleen3Answer
Employee
June 1, 2019

Unfortunately, no. Your own time and labor are never deductible. If you gave away any products for free, you can include them as a promotional expense.