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ghages
New Member

I sold a rental property in 2019. I did painting, etc., myself. Can I deduct the time I spent? And if so, at what hourly rate?

 
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2 Replies

I sold a rental property in 2019. I did painting, etc., myself. Can I deduct the time I spent? And if so, at what hourly rate?

"Can I deduct the time I spent?"

 

No, unfortunately you cannot deduct the value of your own labor.

 

 

Carl
Level 15

I sold a rental property in 2019. I did painting, etc., myself. Can I deduct the time I spent? And if so, at what hourly rate?

Can I deduct the time I spent?

No. You can not deduct from taxable income that which is not and can not be taxed in the first place.

 

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