Taxes and Investment properties, how we can help you as your property manager.
When you have a rental property your taxes are going to change. You will receive a 1099 and need to file a Schedule E with your income tax return. The Schedule E is a document that shows your gross rental income, expenses, and net income. It is crucial to have receipts or invoices for all expenses related to the property, including repairs, insurance, and property taxes. Circle Property Management can help by collecting this data and providing a fully filled out Schedule E at the end of the year. We also file a 1099 with the IRS and provide copies of invoices for you - the property owner. This can make tax filing less stressful.
About The Author
Patrick H. Page - Principal Broker | Licensed in Virginia and the District of Columbia
