Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

11
Posts
10
Votes
Jeffrey Rittenour
Pro Member
  • Investor
  • Rathdrum, ID
10
Votes |
11
Posts

Tax write-offs Paying family members to rehab a house

Jeffrey Rittenour
Pro Member
  • Investor
  • Rathdrum, ID
Posted
Hello everyone! I'm in the Spokane WA Market. I've purchased and rented my first rental. During the rehab I hired my family who have a background in construction and painting to do the work for me as I work long hours. I told them to keep track of their hours for me to pay them. All the materials were payed for in cash. What is the best way to pay my family members to so I can take it as a tax write off? Do I just write each member a check and keep a receipt detailing what they did and how much I payed them? I'm pretty sure I can call it an expense but I want to make sure I do it right. Also the cash for materials was cash from things I sold on Craigslist that never was in my bank account. Can I call all of the recipients that I have expenses or not? Hope that makes sense. Thanks for the show! Any thoughts would be appreciated.
  • Jeffrey Rittenour
  • Loading replies...