Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
Kammaroon
New Member

In what section to i file my rental property that is managed by a management company?

 
3 Replies
TomK
New Member

In what section to i file my rental property that is managed by a management company?

You would report property management fees under that category for Rental Expenses on the "Enter Common Expenses" screen as you proceed through the rental expenses section.

Please see screenshot below.

dt14301
Level 1

In what section to i file my rental property that is managed by a management company?

i would put it under Management Expenses since it's your property management fees

DaveF1006
Expert Alumni

In what section to i file my rental property that is managed by a management company?

You would report your rental income and expenses under wages and income>rentals, Royalties, and Farm>Rental Properties and Royalties (Sch E).  Since a management company manages your property, you would need to indicate that you do not have active participation in the property. As indicated above, you report all management fees as a management fees, which is an entry in your expenses.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v