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Level 3
posted Apr 1, 2022 3:00:22 PM

As a realtor if i have desk fees wth my broker can i still expense my home office.?

As a realtor if i have desk fees wth my broker can i still expense my home office.?

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2 Replies
Level 3
Apr 1, 2022 3:06:42 PM

A desk fee is a payment agreement between a real estate agent and their broker. It's an alternative to splitting commissions between the agent and the broker. A real estate agent must decide whether to sign with a broker who charges a desk fee, a commission split, or some combination of the two.

Expert Alumni
Apr 1, 2022 3:24:39 PM

You can expense a home office if you are not considered an employee of the broker. If your income is reported on a W-2, then you are an employee and cannot have a home office deduction.

 

See this Turbotax article about entering home office expenses.