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

I've some questions about one of everyone's favorite subjects: taxes and the IRS. I am NOT looking for "legal or similar advise," as I know that can't "be done." I just want to hear what others who've done such bus...

With rates rising and new homeowners opting to rent and save for a home, what do you think is the place investors should be focusing their energy? Short term rentals? Rent to buy?  

Hey BPers!
I'm buying my first property a 6 unit apartment building in cash.I don't want to keep my money tied up and want to cash out re-finance.I'm hoping to have your opinions on these questions:-How long do you t...

Hi All, I'm about to form my LLC and before I do I have some questions. I live in CA, my mom and I are business partners. Would it be good to register in CA or register somewhere else for tax ramifications and fees? W...

So the property I'm buying is in Indiana. But I live in Washington state. I'm on the internet right now to setup the Indiana LLC. But it's asking me to setup a Registered Agent and that person/business has to live in ...

Hi All,
First-time poster here. I’m currently in the pre-approval process to purchase a 2-4 unit multi-family property. I’ve approached a local bank in Upstate New York offering a 30-year loan with a 10% down payment...

Hello, my name is Bradley Wood and I'm starting an S-Corporation. I was wondering if you could use your corporation's business credit to help purchase real estate (without a personal guarantee) and if I could also use...

My business partner (non-spouse) and I are 50/50 owners in an LLC that owns a residential ST rental. We purchased the property in 2021 and put into service, after a renovation, in Nov 2022. Opting for residential rent...

Hi BP friends,I applied for a HELOC on my investment property, and I'd like to use it as contingency fund when I need to invest in another investment property in future. May I know if the interests from that HELOC is ...