RE License

[RemmukK]

Edit : Thanks for the responses! I appreciate the help.

Can I deduct the fees I've paid in 2023 for keeping my RE license active even if I did not make any money in RE last year? If so, on line 32 of the Schedule C which box do I check? All investment is at risk OR Some investment is not at risk??

Thanks for any insight!

[VolvoGirl · Accepted solution]

If you have money not at risk you can not take a loss on schedule C. If you don't know what it means then probably All your Investment is at Risk (check Box 32a). It means you are using your own money for the business.

[Bsch4477 · Accepted solution]

You can have a business loss if you had no income. Your investment is at risk. 

[TomK2023]

Yes, you can deduct the fees associated with keeping your real estate license active (Schedule C, Line 23).