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batesj2
New Member

I became a real estate agent this year. I didn’t make any sells, but I had expenses. How do I add these expenses as a deduction.

 
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1 Reply
SabrinaD2
Employee Tax Expert

I became a real estate agent this year. I didn’t make any sells, but I had expenses. How do I add these expenses as a deduction.

Yes, you can deduct your expenses as a real estate agent even if you didn't make any sales. Here’s how to add these expenses as a deduction in TurboTax:

 

Steps to Enter Real Estate Agent Expenses in TurboTax

  1. Open or continue your return.
  2. Click on Schedule C.
  3. Answer Yes to Did you have any self-employment income or expenses? and answer the questions until you get the Select any expense categories you have screen.
  4. Select your expenses, then Continue.
    • If you've already worked in this section, select Edit or Review next to your business.
  5. Then select Start or Edit next to an expense type that you had.
  6. Enter your expense description and amount, and follow the onscreen instructions.

Common Deductible Expenses for Real Estate Agents

  • Marketing costs (advertising, business cards, flyers)
  • Transportation (mileage, car expenses)
  • Real estate education (licensing fees, training courses)
  • Office supplies (computers, printers, office furniture)
  • Home office (if you have a dedicated home office space)
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