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Sweat Equity

» From: Madison, WI
Dear TaxMama:
Can an individual, who is filing Schedule C, claim the Research
& Experimentaion credit, for essentially their own labor?
John
Dear John,
Good try. I like that!
But, uh, no.
You can only take deductions and credits for things you
actually spend money on.
But, keep trying. You'll come up with other good ideas.
Best wishes,
Eva Rosenberg
Your TaxMama
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