Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2024 12:14:16 PM

Deductions

I am a realtor part time, if I did not earn an income this year but have a number of expenses what do I do?

2 1 2667
1 Replies
Employee Tax Expert
Oct 30, 2024 12:21:23 PM

You will be able to claim the expenses associated with your real estate business since you started your business.   

Here are some examples of the most common real estate agent and broker deductions:

  • marketing expenses such as sales and open house signs and flyers, your website development and maintenance, and 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

Here are Tax Tips for Real Estate Agents