JohnB5677
Expert Alumni

Deductions & credits

 

You can deduct tuition-related expenses paid while you were completing state-required real estate courses to obtain your real estate agent or broker’s license, if you completed the courses at an eligible educational institution.

 

If you attended a college, university or vocational school that is eligible to participate in federal student aid programs with the U.S. Department of Education, the school is an eligible educational institution under the federal tuition and fees deduction.

 

Also, if you are self-employed/independent contractor real estate agent then you can deduct the cost of real estate school costs and all other real estate expenses, such as, mileage, fees for MLS listing, fees for Supra key usages.  These are expenses that can deducted as business expenses. 

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