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bessettenc
New Member

Can the landlord be the property manager for tax purposes

i am landlord,can i claim my self as property manager. i do all same things as if i hired a manager
1 Best answer

Accepted Solutions
Coleen3
Intuit Alumni

Can the landlord be the property manager for tax purposes

No, unfortunately, you can not claim a deduct for your own labor. Had you hired a property manager, you would have physically paid him the compensation, which could then be deducted from rental income. 

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2 Replies
Coleen3
Intuit Alumni

Can the landlord be the property manager for tax purposes

No, unfortunately, you can not claim a deduct for your own labor. Had you hired a property manager, you would have physically paid him the compensation, which could then be deducted from rental income. 

BobinCT
Level 7

Can the landlord be the property manager for tax purposes

And he would have reported it as taxable income.  If you could pay yourself then you would have to report the income as well as the deduction.
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