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juliedausman
New Member

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

 
2 Replies
DavidS127
Expert Alumni

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

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
Level 15

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

@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.
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