Time and labor spent of business development considered a tax deduction for small business?

[cramanitax]

Hello.  I am a sole proprietor and pre-COVID I expensed business development meeting related costs (travel, meals, etc.) as a tax deduction.  However, during COVID, most of my meetings are done from my home office.  Can the time I spent on business development meetings over the phone and video be considered a tax deduction?  

[PattiF · Accepted solution]

No, you are not able to deduct your time spent on your business as a deduction. Your time doesn't cost you anything and there is no amount to deduct. Although your time is valuable it is not a deductible expense.

You can deduct any equipment needed for distanced meetings.

[cramanitax]

Makes sense.  Thanks PattiF.