How To Write Off Your Own Labor

[Spencer Krautkramer]

Is there any way to write off or deduct your own labor or sweat equity put into an investment property? I prefer to do things myself to save on labor costs but realize I would write off or deduct much more when doing taxes if I had hired it out. Are there any ways that you can put a price on your own labor to include it in rental expenses?

[David M.]

@Bill B.

like i said, not easy / good.  

How does that even provide tax savings?  The "rental" may be able to deduct the expense, but your "repair company" has to pay taxes, including self employment taxes (if you haven't maxed out) on it.  Furthermore, if its single member, it all collapses back on you anyway..