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Can we deduct our time? Started a coaching/consulting business in May 2018. The first 10 clients we took care of pro bono. Can we write off that time?
We charge per hour, and per product produced.
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June 1, 2019
12:00 PM
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Deductions & credits
Unfortunately, no. Your own time and labor are never deductible. If you gave away any products for free, you can include them as a promotional expense.
June 1, 2019
12:00 PM