Rental property expenses

[Accidental_Landlord]

Hello! I have a rental property (single-family house). For major repairs, I typically hire a pro and deduct the expenses from my income. But when I perform small repairs at the property, can I charge myself an hourly rate and deduct that, just as if I had hired a pro?

[Anonymous_ · Accepted solution]

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@Accidental_Landlord wrote:

........when I perform small repairs at the property, can I charge myself an hourly rate and deduct that, just as if I had hired a pro?

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No, you cannot deduct the value of your own labor as an expense.

You can, however, deduct the cost of any materials/supplies used in performing the repairs.

[rschule1]

Unfortunately no. As previously advised self-labor is not deductible. However don't despair, since if one were to  deduct it, then one would also have to pick it up as income, making for a lot of paperwork. 

[Accidental_Landlord]

Thanks--yes, that makes perfect sense.