Don't Forget Important Tax Deductions for Real Estate Professionals

Don't Forget Important Tax Deductions for Real Estate Professionals

Make sue your are taking all the deductions for your real estate business. Here are some common real estate business expenses that are tax deductible off your taxes:

Computer and Equipment

Cameras, Cases and Lenses

Phone Bills 

Internet  Fees

Website Domain and Yearly Fees

Business meals (at 50%)

Aassociation/Dues fees

Retirement plan contributions

Education Classes

Open House Expenses

Gifts for Clients

Office Supplies; pens, paper, toner, ink, 

Signs and Sign Installation

Clothing with your company logo

Virtual Tour Expenses

Flyers, Postcards, Business Cards

Office Equipment (usually depreciated over 5 years)

Gasoline, Car Insurance, and Repairs

Monthly Lease Payments on your Work Vehicle

Make sure you have receipts for everything you take off your taxes and check with your CPA or Tax Preparer if you have any questions. You can also check on the IRS website as well as your state site for specific questions.

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Kristin Hamilton BRE #01492138 Keller Williams Realty –WCR Member– I am a full time agent and deal in all types of real estate transactions. Trusts, Probate, Short Sales, Standard Listing, Single Family Homes, Apartments 1-4 units, Duplexes and Condos. I am also an experienced REO agent. I sell real estate in the Riverside, San Bernardino, Orange, and Los Angeles Counties. I am a trained and experienced Short Sale agent. If you are looking for a professional and experienced agent, I am just a click away. Google me at Kristin Hamilton-Real Estate Agent. Homeowners and Buyers both will find my services top notch and successful. Call me to sell your home; both traditional and short sales.