Solved: If I am a Realtor that acts as an independent contractor, am I able to write off the fees that I have to pay a broker on every transaction I do?
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If I am a Realtor that acts as an independent contractor, am I able to write off the fees that I have to pay a broker on every transaction I do?

 
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Employee Tax Expert

If I am a Realtor that acts as an independent contractor, am I able to write off the fees that I have to pay a broker on every transaction I do?

Yes.  That would be deductible in your line of work.  There is an entry on the Schedule C for Commissions and Fees.  These payments qualify.

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Employee Tax Expert

If I am a Realtor that acts as an independent contractor, am I able to write off the fees that I have to pay a broker on every transaction I do?

Yes.  That would be deductible in your line of work.  There is an entry on the Schedule C for Commissions and Fees.  These payments qualify.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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New Member

If I am a Realtor that acts as an independent contractor, am I able to write off the fees that I have to pay a broker on every transaction I do?

Thank you very much.  We asked in class, but the answer was not very straight forward.  I don't think the instructor knew...
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Employee Tax Expert

If I am a Realtor that acts as an independent contractor, am I able to write off the fees that I have to pay a broker on every transaction I do?

You're welcome.
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**Mark the post that answers your question by clicking on "Mark as Best Answer"
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