As a real estate agent, i pay a montly fee to my broker. where do i enter this fee?

[arnilyn]

I pay $110 monthly to a real estate company which includes the E&O insurance.  Where do I enter this information?

[Marketstar · Accepted solution]

Deduct this expenses as an Other Miscellaneous Expense.

If you can identify the amount paid for errors and omissions insurance, deduct that portion in the

Insurance Payments category.

You may need to upgrade to TurboTax Self Employed to claim your realtor business expenses and income.