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Real Estate - Supra Key Tax Category

I'm a full-time real estate photographer and use a Supra Key to access homes (with client approval of course ;-)). My expenses for this "key" include a yearly association membership fee (to the local MLS) and then a separate monthly charge on top of that. What Tax Category do I use for the tax deduction? 

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3 Replies
AnnetteB6
Employee Tax Expert

Real Estate - Supra Key Tax Category

Entering the expenses in the Miscellaneous Business Expense category may be your best option.  That way you can enter your own description for the expense as well as the amount.  

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Real Estate - Supra Key Tax Category

Would the deduction amount be higher if I entered the yearly membership fee as "Dues & Subscriptions" instead of as a Misc Bus Expense?

CatinaT1
Employee Tax Expert

Real Estate - Supra Key Tax Category

No.  The deduction is the amount of the expense regardless of the category used.

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