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Updated over 10 years ago,
Claiming income for our rehab labor, through our construction Business
We need to claim more income to move forward with real estate. We would like to claim our labor on the last two houses completed in 2014; 1830 E. 7th Street and 815 N. 12th Street. We refinanced these properties and would like to pay ourselves for the labor through our construction business. We were wondering if we just needed an invoice, and payment tracking. Are there any other things we should be doing to insure proper documentation?