topic We bought a house specifically to renovate and resale without living in or renting it. We did the work on the home ourselves. Can our labor be deducted in the cost basis? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/we-bought-a-house-specifically-to-renovate-and-resale-without-living-in-or-renting-it-we-did-the/01/378480#M47554 Tue, 04 Jun 2019 00:31:26 GMT 92 2019-06-04T00:31:26Z We bought a house specifically to renovate and resale without living in or renting it. We did the work on the home ourselves. Can our labor be deducted in the cost basis? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/we-bought-a-house-specifically-to-renovate-and-resale-without-living-in-or-renting-it-we-did-the/01/378480#M47554 Tue, 04 Jun 2019 00:31:26 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/we-bought-a-house-specifically-to-renovate-and-resale-without-living-in-or-renting-it-we-did-the/01/378480#M47554 92 2019-06-04T00:31:26Z No.  Unfortunately, you can't include the value of your o... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-unfortunately-you-can-t-include-the-value-of-your-o/01/378486#M47556 <P>No.&nbsp; Unfortunately, you can't include the value of your own labor in calculating the cost basis.<BR /></P> Tue, 04 Jun 2019 00:31:28 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-unfortunately-you-can-t-include-the-value-of-your-o/01/378486#M47556 JohnW15 2019-06-04T00:31:28Z