I am a real estate agent. To close a sale, I agreed to a $1500 concession on my commission. Would that amount be considered a deductible business expense?

[Marketstar · Accepted solution]

No, unfortunately, the IRS does not allow a deduction or credit for income not received.

[arbyers]

Thanks. I figured as much, but never hurts to ask. 🙂

[Marketstar]

Yes, but don't forget to deduct all of your "ordinary and necessary" realtor expenses. Thanks for choosing TurboTax!