3577679
I am a property manager for other people's properties for a straight 20% of gross. Am I allowed to file a schedule E for these properties that I do not own?
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No. Basically, you are "in the business" of managing other people's property. Therefore all of your business income and expenses are reported on SCH C with the assumption that you are the sole owner of the business.
No, but you can file a Schedule C.
No. Basically, you are "in the business" of managing other people's property. Therefore all of your business income and expenses are reported on SCH C with the assumption that you are the sole owner of the business.
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