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Get your taxes done using TurboTax
Can you be more specific on just what your property management business is/does?
Do you own the property and rent it out? If so, is this long term rental that a renter would call "home"? Or a short term vacation rental like you would get on VRBO or AirB&B?
Maybe you manage property that others own?
I ask this,because based on my interpretation of what you posted, I'm not clear if this is a SCH C business or SCH E business. This matters for taxes and can also affect (in some instances) how you treat assets such as furniture for the property being rented out.
‎July 26, 2022
12:46 PM