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  1. C

    DIY Again

    This is a good point - he'd be able to offset the capitol gain if he paid someone else to do the work. However, there is a lifetime $500,000 exclusion on profits from sale of your home (assuming he's married and it is his primary residence).
  2. C

    DIY Again

    I don't see the couch example is wrong. If what I do during my leisure time is something that saves money vs something that costs money - I feel I get to count that as money saved. If I had a hobby (or 2nd job) making little wooden widgets that I sell at craft shows, and make $80k a year...
  3. C

    DIY Again

    I was trying to say that for OP to get the money to pay someone $40k to do "x" amount of work, OP would have had to earn $40k + taxes at some other job. So he's (ignoring the semantics of the word "saving" for the moment) saving not just the $40k, but the $40k+taxes that he would have had to earn.
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