<prompt> Human: Hi all, so Im a 1099 carpenter in Ohio, but Im going to use the lab coat as an example for my questions.You cant deduct clothes unless they are industry specific, such as a lab coat. But, if I makesew my own lab coat, I can deduct from my taxes the fabric I bought, but can I also deduct the time it took me to make the lab coat?So for a carpenter, if he builds a bench, he can deduct the screws and nails and wood he bought, but can he somehow calculate his time also?Like, if I bought a bench, Id be able to deduct the whole thing, but if build one, I can only deduct the materials. This system seems a little unfair.Hope this makes sense, thanks :  <response>: No, there is no monetary value for time. You cant reduce your income by spending time, only money. 