Can a real estate agent deduct business expenses in excess of my annual income?

[Vanessa · Accepted solution]

Yes, if you are a licensed real estate agent you are treated as a self-employed individual (unless you are a W-2 NON Statutory Employee) 

This means you can deduct your expenses just like someone who is self-employed in another line of business even if it means you show a net loss (expenses greater than income) for the year