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698 Posts
I am currently buying materials with the intent of building myself one day. I keep a bound ledger book along with all reciepts. The ledger book helps me track expenses I don't have reciepts for. The reason I do this, after I build, should I ever decide to sell, the IRS is going to be there with thier hands out. I'm not going to give them even one cent more than they are entitled to.
Track every expense. I even keep track of the cars odometer reading when I go out buying. Think about it. Building this place I'm now a contractor. I'm entitled to vehicle expenses. At least as far as I'm concerned.
Track every expense. I even keep track of the cars odometer reading when I go out buying. Think about it. Building this place I'm now a contractor. I'm entitled to vehicle expenses. At least as far as I'm concerned.