turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If my property management company paid for my advertisement costs (but I'm sure they pass that cost on to me in their fees) how do I account for that?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MinhT
Expert Alumni

If my property management company paid for my advertisement costs (but I'm sure they pass that cost on to me in their fees) how do I account for that?

If you did not pay the advertising fees, you cannot deduct them. You can deduct the property management fees as a rental expense. (if they pass on the advertising costs to you in the fees, you would have indirectly deducted the advertising costs by deducting the management fees).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
MinhT
Expert Alumni

If my property management company paid for my advertisement costs (but I'm sure they pass that cost on to me in their fees) how do I account for that?

If you did not pay the advertising fees, you cannot deduct them. You can deduct the property management fees as a rental expense. (if they pass on the advertising costs to you in the fees, you would have indirectly deducted the advertising costs by deducting the management fees).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question