I started my Real estate carrer with Keller Williams NY Realty in the White Plains market center, but I did not close any sales for 2025, so there is not income

[cristhiansfw708]

I did not get any 1099 from them

[Vanessa A · Accepted solution]

Since you started your career with Keller Williams in 2025, I am assuming you were actively seeking clients and trying to sell homes. 

 Even though you do not have income for 2025, any expenses you personally incurred for your real estate business would be deductible on the Schedule C.  This could create a loss which could offset other income.  Expenses could include mileage to meet with clients, show homes, do open houses, board dues, MLS Fees, Lockbox fees, business cards, or other marketing materials. 

Note: The exam fees or education fees to start a new career would not be deductible, however continuing education credits are deductible. 

A 1099 form is only issued when you have earning over $600.  If you did not close any sales in 2025, then you would not have a 1099.  

Taking Business Tax Deductions