What can real estate agents write off?

[LinaJ2018 · Accepted solution]

Here are some of the most common real estate agent and broker deductions:  See more information  RE agents

• Marketing: sales and open house signs and flyers; website development and maintenance; business cards and mailers
• Real estate coaching, training, and education costs
• Real estate licensing and renewal fees
• Real estate association dues, multiple listing service (MLS) dues and brokerage desk fees
• Transportations: automobile maintenance and repairs, gas, mileage, auto insurance, parking and new car purchase or lease costs
• Travel airfare, lodging, and meals for real estate education and business purposes
• Home office expenses, whether you rent or own your home
• Gifts ($25 deduction limit), entertainment, and other costs you incur to please clients and keep them coming back to you for their real estate needs.