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jro1204
New Member

We have a property in another state that we rent out. when applying the maintenance fees can we include the taxes the company charges along with their monthly fee?

 
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KrisD
Intuit Alumni

We have a property in another state that we rent out. when applying the maintenance fees can we include the taxes the company charges along with their monthly fee?

Yes

If the invoice states "Monthly fee $100.00 Tax $8.00; Total due $108.00" you would claim $108.00 in management fees.

https://www.irs.gov/taxtopics/tc414.html


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KrisD
Intuit Alumni

We have a property in another state that we rent out. when applying the maintenance fees can we include the taxes the company charges along with their monthly fee?

Yes

If the invoice states "Monthly fee $100.00 Tax $8.00; Total due $108.00" you would claim $108.00 in management fees.

https://www.irs.gov/taxtopics/tc414.html


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