irs: Why Every Real Estate Agent Should Track their Mileage
- 07/10/19 03:45 PM
Real estate professionals often enjoy few tax breaks, so tracking your mileage is of paramount importance. More than likely, you're essentially working out of your car as you drive between showings and closings on a daily basis. Tracking your mileage gives you a rare opportunity to let your car work for you. To give you some idea of how lucrative these write-offs are, real estate agents in 2018 earned upwards of 54½¢ for every mile they drove at work. Adding up the Miles at WorkAssume that a real estate agent drives around 50 miles each day at work. They might drive five days … (0 comments)
Real estate professionals often enjoy few tax breaks, so tracking your mileage is of paramount importance. More than likely, you're essentially working out of your car as you drive between showings and closings on a daily basis. Tracking your mileage gives you a rare opportunity to let your car work for you.
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