https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-restore-vintage-trailers-for-customers-i-restored-my-own-trailer-to-show-my-work-to-potential/01/175456#M23480 <P>How I am determining the asset value the trailer = $ what I paid for the unrestored trailer + my restoration hours @ my hourly rate + materials used to restore the trailer.&nbsp;&nbsp;</P> Sat, 01 Jun 2019 15:39:48 GMT davidnorthcraft 2019-06-01T15:39:48Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-restore-vintage-trailers-for-customers-i-restored-my-own-trailer-to-show-my-work-to-potential/01/175456#M23480 <P>How I am determining the asset value the trailer = $ what I paid for the unrestored trailer + my restoration hours @ my hourly rate + materials used to restore the trailer.&nbsp;&nbsp;</P> Sat, 01 Jun 2019 15:39:48 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-restore-vintage-trailers-for-customers-i-restored-my-own-trailer-to-show-my-work-to-potential/01/175456#M23480 davidnorthcraft 2019-06-01T15:39:48Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/you-definitely-can-not-deduct-anything-for-your-time-ded/01/175468#M23483 <P>You definitely can NOT deduct anything for your time.</P><P>Deducting the cost of materials is iffy. You need to allocate the cost between personal and business use and that's very subjective. If you feel that the improvements are mostly cosmetic and you get no real additional personal use, from them, you maybe be able to deduct all the material cost as advertising.&nbsp;</P> Sat, 01 Jun 2019 15:39:50 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/you-definitely-can-not-deduct-anything-for-your-time-ded/01/175468#M23483 Hal_Al 2019-06-01T15:39:50Z