Can You Deduct Your Own Labor on Rental Property? Maximize Tax Savings Now
What Rental Expenses Actually Count? Let's get this straight: you can't deduct the value of your own time spent working on your rental property. The IRS considers your labor a personal contribution, not a business expense. However, many other expenses are deductible, potentially saving you a significant amount on your taxes. This guide will show you how. For further guidance on rental income, check out this helpful resource on rental income tracking....