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.