If you contracted to have your personal home built on land that you personal, your basis in the home is your foundation within the land plus the quantity you paid to have the house constructed. If you built all or part of your home your self, your basis is the whole quantity it value you to build it. You can’t include in foundation the value of your personal labor or some other labor for which you didn’t pay. You can’t deduct these quantities as factors both in the year paid or over the life of the mortgage. For details about…