Deduct Personal Labor?

[Dave Grosse]

Is the cost of my own personal labor on property that I own a valid deduction?

I had a bid from a mold remediation for $4000 but opted to clean it all myself.

Thanks

[Steven Hamilton II]

Originally posted by @Pat Martin:

If you are the sole owner of the business then Jon is right. I am in a partnership LLC and I am the active manager of the business. In that case I get paid for the work I do and the LLC writes if off. Its called a guaranteed payment.

Pat, that is true; however, then you personally get paid that income.