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Updated almost 9 years ago on . Most recent reply
Is it possible to claim tax deduction for cash paid labor?
Say you spent a thousand or two on small repairs like; tree services, fix some cracks in the wall, fix water pump. And paid cash for the labor. Can you include this in your tax expenses for your rental unit ?
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yes, but pray you never have an audit. If the value of CASH payments creates a red flag, you will regret not having proof.