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Investors & landlords
How you categorize your business expenses is an accounting decision. If these fees are related to operating your property, they may both be reported under Management Fees. Legal expenses are typically paid only to attorneys.
Although Schedule E provides some specific categories, you can enter any or all expenses as "Other Expenses," if that works for your company. Even if you enter a general business expense in the "wrong" category, it will not affect your taxes. Just be sure you don't enter the same expense twice.
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‎February 5, 2025
8:21 AM