Thank you for the quick response. I should have been more specific since I've read that the IRS interpretation and even accountant opinions can vary on this. so I want to make sure I'm as clear as possible.
I've read the terminology in your and other links..."... by owners, employees, (owner's agent),and independent contractors....."
I have not seen the term "Property Manager" on your link - or other similar sites/searched
1. Is "Property Manager" concerned an "Agent" by IRS definitions?
2. For "Independent Contractor" - here's an example of how my scenario plays out:
I pay for a Gardner to go on site once per month for 2 hrs. My scheduling of him, paying, and getting any updates from his visit adds ~ 1/2 hr of MY time each month. My communication/confirmation back with the Property manager (so that they can notify the tenant - i am discouraged from having drect comms with Tenant) in this case probably adds another 1/2 hour of MY time, and PM's coordination with tenant maybe 1/2 hour of THEIR time (tenant is kind of fussy about having input to when others show up on site). If those individual amounts can be reasonably documented, for QBI purposes, is the total hours associated with this service, 2 +1/2+1/2+1/2=3.5 hrs? Even if I squeeze the admin to 1/4 hour each, I'm at 2.75 hrs.
Not the most efficient, I understand, but given this is how I am presently handling this tenant, is this a reasonable interpretation of the QBI determination/metrics??
Appreciate your/others input.
Thx!
