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gpaschen48
January 9, 2023
Question

Can I deduct my own labor on my rental ?

  • January 9, 2023
  • 3 replies
  • 0 views
I completely  repaired a rental unit how much is considered repair ?

3 replies

DoninGA
DoninGA
Employee
January 9, 2023

No.  The cost of your own labor cannot be used as an expense on the rental property that you own.

    Critter-3
    Critter-3
    January 9, 2023

    Hense the term "sweat equity" was born. 

      VolvoGirl
      VolvoGirl
      Employee
      January 9, 2023

      And 2 thoughts.....Who is to say how much you can charge yourself?  $100 per hour, 500 per hour or more?  And then you would also have to claim that as your income so it would be a wash.  

        Carl11_2
        Carl11_2
        Employee
        January 9, 2023

        You can not deduct that which can not be taxed in the first place.

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