Re: definition of expenses - Landlord Forum thread 361505

Re: definition of expenses by Bette on August 28, 2021 @18:23

It's interesting reading this --- We've never charged off our labor for repairs we've done to our single family rentals throughout the years. EXCEPT when the tenant leaves a big mess at the end (seldom, but it has happened). The cleaning & repairs we did charge for our la labor.
I guess we were missing an expense we could have used.

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Re: definition of expenses by Robert on August 29, 2021 @20:00	[ Reply ]

According to IRS yo cannot deduct your own labor.