I'm hosting in Nova Scotia, Canada and I was wondering if/how I can claim general repair and maintenance time when I do the work myself? I have done most of our general fixups/upgades so far for my one short term airbnb rental property with my wife (partnership - not incorporated) and I really should be able to claim my work time as airbnb expenses - right? Thanks - DJ
That is why an educated tax accountant. If you have a handyman business that sells to other customers then you would bill your rental and yes income for your handyman business but them expenses in that business. If you are performing labor strictly for your rentals then the IRS does not treat your labor in any means as a gift. Your time is considered a business expense.