Can I deduct my real estate fee that I pay to my broker every time I make a commission?
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1 Replies
HelenaC
New Member
Jun 1, 2019 1:30:19 PM
Yes, you can deduct the part of your real estate fee income that you pay to your broker, if you are a self-employed real estate agent.
The commissions paid to your broker go your Schedule C (Form 1040), Profit or Loss From Business, line 10, Commissions and fees. Forwork-related expenses, you can deduct them.