Tax deductions for owner performed repairs and upgrades.

[DeAngelo Tatum]

What is the correct way to deduct rental property repairs, upgrades and maintenance cost when you preform all of the work yourself, being the owner/landlord?

[Michael Plaks]

Quote from @DeAngelo Tatum:

What is the correct way to deduct rental property repairs, upgrades and maintenance cost when you preform all of the work yourself, being the owner/landlord?

The correct way is to count only materials and only deduct them if they qualify as repairs under the IRS rules. Does not matter what you call them. For example, painting is a repair, but bathroom remodeling is not. It is an "improvement", deducted slowly over 27.5 years, aka depreciation.

Cannot deduct your own labor, as I suspect you hoped to do. No, cannot "hire yourself", either, even with a separate company.