If a realtor incurs expenses to repair a clients home, are those expenses deductible on that realtors taxes?

juliedausman · ‎January 28, 2020

DavidS127 · ‎January 28, 2020

Yes. Expenses incurred in the course of your real estate sales or property management activities are deductible.

This TurboTax article is a good overview of Tax Tip for Real Estate Agents and Brokers.

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TomD8 · ‎January 28, 2020

@DavidS127 's answer is correct if the realtor is paid as an independent contractor and files Schedule C (which for realtors is usually the case). But if the realtor is a W-2 employee, those expenses are not deductible.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

If a realtor incurs expenses to repair a clients home, are those expenses deductible on that realtors taxes?