topic Is property management the correct description for running a vacation rental on our property? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/is-property-management-the-correct-description-for-running-a-vacation-rental-on-our-property/01/252869#M9527 Sat, 01 Jun 2019 20:35:24 GMT dbillesbach51 2019-06-01T20:35:24Z Is property management the correct description for running a vacation rental on our property? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/is-property-management-the-correct-description-for-running-a-vacation-rental-on-our-property/01/252869#M9527 Sat, 01 Jun 2019 20:35:24 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/is-property-management-the-correct-description-for-running-a-vacation-rental-on-our-property/01/252869#M9527 dbillesbach51 2019-06-01T20:35:24Z No you would be considered a lessor of real estate since... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/no-you-would-be-considered-a-lessor-of-real-estate-since/01/252888#M9530 <P><B>No</B> you would be considered a<B> lessor of real estate</B> since you are managing a property that you also lease. Please view page 18 of the IRS link below for reference.<BR /></P><P> <A rel="nofollow" href="https://www.irs.gov/pub/irs-pdf/i1040sc.pdf" target="_blank">https://www.irs.gov/pub/irs-pdf/i1040sc.pdf</A> <BR /> </P> Sat, 01 Jun 2019 20:35:25 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/no-you-would-be-considered-a-lessor-of-real-estate-since/01/252888#M9530 KatrinaB 2019-06-01T20:35:25Z This answer did not help as we own the property https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/this-answer-did-not-help-as-we-own-the-property/01/252892#M9531 This answer did not help as we own the property Sat, 01 Jun 2019 20:35:28 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/this-answer-did-not-help-as-we-own-the-property/01/252892#M9531 dbillesbach51 2019-06-01T20:35:28Z My assumption was that you are leasing/renting a vacation... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/my-assumption-was-that-you-are-leasing-renting-a-vacation/01/252897#M9532 My assumption was that you are leasing/renting a vacation property that you own. Is that not the case? Sat, 01 Jun 2019 20:35:29 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/my-assumption-was-that-you-are-leasing-renting-a-vacation/01/252897#M9532 KatrinaB 2019-06-01T20:35:29Z