I manage my own rental property. Can I deduct management expenses as the property manager other than mileage for my vehicle?

phomie — Tue, 04 Jun 2019 21:02:04 GMT

It depends on what you mean by "management expenses". Yo...

KarenL2 — Tue, 04 Jun 2019 21:02:07 GMT

It depends on what you mean by "management expenses". You can only deduct your actual out-of-pocket costs on the Schedule E. You cannot deduct the value of your time. (If you did, it would actually create a worse tax situation, because you would then have to report it as self-employment income and pay self-employment taxes.)

topic I manage my own rental property. Can I deduct management expenses as the property manager other than mileage for my vehicle? in Investors & landlords

I manage my own rental property. Can I deduct management expenses as the property manager other than mileage for my vehicle?

It depends on what you mean by "management expenses". Yo...