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Updated over 10 years ago on . Most recent reply
Do YOU get paid?
So I tend to lean towards the do it myself side as far as maintenance break fix since I only have about 6 doors still. Trying to keep the profits as profits I guess. But I have been thinking, am I saving even less than I thought I was was? My thought was those times when I do hire someone, I get a invoice, and something I write off on my texes. When I go spend 3 hours on a project, I get... a few miles and maybe a receipt from home depot. So my question, can I pay myself a reasonable rate to do work? The homes are in my name, so I am guessing no... But that makes me think I am really wasting time trying to save any money doing things I really do no want to be doing.
Curious is this is the case, or if there is a way to recover the tax savings that I am not aware of. I guess this is one of those reasons why I should have a more active CPA..
So, thoughts??