6 Property Management Tax Mistakes: Are You Making Them?

If you’re new to property management taxes, there could be some big mistakes you’re making that could cost you or your owners money. Check out these six property management tax mistakes to see if you’re guilty of making them—and how to remedy them moving forward. Links: Annual Tax Guide: https://bit.ly/3P17TEt Property Management Banking Tips and Strategies: https://bit.ly/4gn3B6n What You Didn't Know About Trust Accounting: https://bit.ly/3P2IEl2 Buildium Accounting Features: https://bit.ly/3P2sw2P 1099 Forms for Property Management: Everything You Need to Know: https://bit.ly/3P18MwN How Does a 1031 Exchange Work?: https://bit.ly/41H4Jxd Buildium Free Trial: https://bit.ly/3ZKYDsV Schedule a Demo: https://bit.ly/3BEGvce ------------------------- 0:00 Intro 0:33 Mistake #1: Missing Out on Deductions 1:05 Mistake #2: Missing Out on Tax Credits 2:04 Mistake #3: Setting Up Your Banking Structure Incorrectly 2:24 Mistake #4: Keeping Inaccurate Accounting Records 3:24 Mistake #5 Waiting to File 1099s 3:51 Mistake #6 Not Taking Advantage of a 1031 Exchange