Realtors

Tax Deductions for Real Estate Agents: A 1099 Guide

Tax Deductions for Real Estate Agents: A 1099 Guide

In short: US real estate agents working as 1099 independent contractors can deduct vehicle expenses (for most agents, the largest deduction of the year), MLS and board dues, license renewals and continuing education, marketing, signage and listing photography, staging costs and brokerage desk fees. Client gifts are capped per person, and ordinary business attire and the personal-use share of the car don't count.

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