jamestax
Returning Member

Deduct Real estate agent/broker initial licensing and education related as startup costs?

Just bring this up again as this seems to be different schools of thought

 

Can you deduct Real estate agent/broker initial licensing and education related as startup costs for a business?

 

You can't deduct them as educational expenses as per https://www.irs.gov/taxtopics/tc513#:~:text=To%20be%20deductible%2C%20your%20expenses%20must%20be%20....

 

However they might be deductible as startup costs as per 

https://www.irs.gov/newsroom/heres-how-businesses-can-deduct-startup-costs-from-their-federal-taxes

 

previous discussions

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-deduct-real-estate-school-...

https://ttlc.intuit.com/community/business-taxes/discussion/startup-costs-realtor/00/1669480

 

other blogs:

https://www.thebalancemoney.com/how-to-deduct-startup-costs-on-business-taxes-397608

https://www.nolo.com/legal-encyclopedia/can-you-deduct-the-costs-the-real-estate-license-exam.html#:....

 

Love to hear to discussion from the community.