Porperty management fees

Posted by carnmores PM | on Tue, 09/03/2010 - 19:35 359 2 comments | report

client has numerous properties making a small taxable loss

also receives managment fees from a company for managing a property

are these separately taxable or can they be offset against sch A losses

Comments

petersaxton | Wed, 10/03/2010 - 09:35 | Permalink

I would say they are not for the property rental.

Anonymous | Wed, 10/03/2010 - 12:04 | Permalink

The property management sounds like a trade.

Is the client a company or an individual? Companies can set their Schedule A losses against total income.