List of Tax Deductions for Real Estate Agents and Brokers | Tax Mediation Services
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Accounting Fees

  • Connected with Trade or Business
  • Organization of Business (Must Amortize)
  • Accounting System Installation

 

Advertising Expenses

  • Business Cards
  • Home Demonstrations
  • Promotional Activities
  • Attorney Fees Related to Business

 

Automobile Expenses (Business Percentage Only)

  • Business Use by Employee
  • Unreimbursed
  • Business use by Self-Employed Person
  • Cost of car (Must Depreciate)
  • Garage Rentals
  • Gas
  • Insurance
  • Interest Expense (except as an employee)
  • License Fees
  • Lease Cost (Limited)
  • Loss on Sale
  • Oil and Lubrication
  • Parking
  • Repairs
  • Tires
  • Washing

 

Business Conventions (Domestic)

  • Travel and Lodging Expenses
  • Business Expenses
  • Business Meals and Entertainment
  • Business Startup Expenses (Must Amortize)
  • Circulation Expenditures, Newspapers, Magazine Periodicals

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Commissions

  • Sale of Real Estate

 

 

Computer Software

  • Leased Software
  • Purchased Software

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Dues

  • Chamber of Commerce
  • Professional and Realtor Associations

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Education Expenses

  • Maintaining or Improving Required Skills

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Employee Expenses And Payroll

  • Gifts (Business) Valued at $25 or Less
  • Health Insurance (Limited)
  • Insurance for Business
  • Internet/Website Fees (Business)
  • Listing Books
  • Local Transportation
  • Listing Fees
  • New Business, Cost of Start Up (Must Amortize)
  • Professional and Realtor Associations

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Occupancy (Business) Expense

  • Depreciation
  • Rent
  • Utilities
  • Interest
  • Real Estate Taxes
  • Cleaning and Maintenance
  • Office Equipment and Furniture

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Office In Home(Limited)

  • Depreciation
  • Rent
  • Utilities
  • Interest
  • Real Estate Taxes
  • Cleaning and Maintenance
  • Office Supplies
  • Postage Costs
  • Real Estate License Fee
  • Rent, Business Property
  • Retirement Plans (Limited)
  • Subscriptions, Professional Journals
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Telephone Services (Business)

  • Pager
  • Cell Phone

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Talk to a tax representative

In conclusion if you have any tax questions give us a call (877)637-3783 or shoot us a quick message to get your free consultation. 🙂