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New Member
posted Jun 3, 2019 4:30:27 PM

Need to know if I can claim gross receipts tax passed on to me by my property management company as a management expense.

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3 Replies
Intuit Alumni
Jun 3, 2019 4:30:29 PM

To be sure I have the right context for your question, I am assuming you have a rental property with a management company handling the rental for you.  The management company passes along their gross receipts tax to you and withholds that amount from your income from renting your property. 

If you are reporting the full amount of your income (before the deduction of the gross receipts tax or any other deductions from the management company), then yes, deduct the gross receipts tax as a management expense. 


New Member
Apr 20, 2020 8:17:19 PM

BRILLIANT!

Returning Member
Apr 21, 2020 4:31:34 AM

No