I've read up on different scenarios for income tax on vehicles sales, more specifically classic/enthusiast car sales, but I haven't been able to find much on vehicles sold after the seller did the restoration. Like a lot of us here, we put in hours and hours of labor to restore a car but it looks like you can only account for money spent not time spent. Other than being a business, is there any way to get any tax breaks from your own time spent on increasing the value of a vehicle? It feels like we're doing a bunch of hard work so the government can make money.
Dan
Dan