Solved: I'm a lawyer and I drafted a rental agreement for my new rental property. Can I bill my legal time for drafting the lease as an expense?
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I'm a lawyer and I drafted a rental agreement for my new rental property. Can I bill my legal time for drafting the lease as an expense?

 
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Level 6

I'm a lawyer and I drafted a rental agreement for my new rental property. Can I bill my legal time for drafting the lease as an expense?

No, you cannot bill yourself. You cannot deduct your own time as a expense.

Anyway, it would not help your tax return because if you did, you would have to report that bill as income.

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Level 6

I'm a lawyer and I drafted a rental agreement for my new rental property. Can I bill my legal time for drafting the lease as an expense?

No, you cannot bill yourself. You cannot deduct your own time as a expense.

Anyway, it would not help your tax return because if you did, you would have to report that bill as income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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