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Can value from labor provided to oneself be taxed?
The basis of the home is the cost of land and material. That's it.  Your time isn't added to basis. No different than if you spend 1000 hours in a soup kitchen. You deduct miles for your car and expenses you can document but you can't deduct your time.  Over 2 years, you could have a gain up to $500K per married couple and pay no tax.