Addition to Driveway for Parking - Deductible? Labor?
 

We are adding an addition to our driveway to increase parking availability for parents. Keep receipts and deduct?

If we do a large chunk of the work ourselves how does that figure in? If our labor can't be deducted we may just hire out.

Thanks!

https://www.daycare.com/forum/showthread.php?t=91158

Don’t quote me on this but doing the work yourselves will save much more money than hiring out and deducting at tax time. At least for me here in Canada. Might want to look into the percentage you get back vs. The cost of hiring someone.

driveway
 

Add up all the costs, multiply by your time-space% and deduct in one year as a repair. You can't deduct anything for your labor. If you pay someone to do the work you can deduct the time-space% of the the labor costs. Financially, you are better off doing the labor yourselves.