![]() If you work for a property management firm or landlord as an employee, you'll face the same filing steps as any worker receiving a Form W-2 to report your income. In all three cases, you'll owe taxes on any earnings you receive from managing property. Others may work for a property management company or directly for a landlord as an employee, or they might manage property as an independent contractor. Many property managers qualify as self-employed. How should a property manager file taxes? Which forms you'll need to prepare and file. ![]() This article reviews the details you need for managing taxes as a professional or part-time property manager, including: As a result, you'll want to understand these items better come tax time each year. This income is subject to taxes, but it can also carry tax advantages, like property management tax deductions, write-offs, and more. If you become a professional or part-time property manager or you start renting out properties to tenants, it could mean years of steady income.
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