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Deductions for Real Estate Agents

- Accounting & Tax Prep
- Advertising

- Newspapers
- General Magazine
- Proprietary Magazines
- Radio
- TV
- Billboard
- Internet
- Internet Design Work
- Home page, access, email fees
- Giveaway Items
- Business Cards
- Signs
- Flyers
- Direct Mail
- Telemarketing
- 1-800 Number
- Web Site Maintenance Fee
- Advertising - Other

- Automobile Mileage

- Need to keep a log of all miles
- IRS has accepted a 3 month average in certain cases
- Make sure to get service done on your automobile at the beginning of every year so you have a starting and ending mileage
- _____ Total Business Miles (Standard rate 2017 = $0.53.5 per mile)
- _____ Total Miles

- Actual Automobile Expenses includes:

- Fuel
- Repairs – Oil Changes, tires, other repairs
- Insurance
- Vehicle registration, license
- Vehicle lease or rental fees

- Bank Charges
- Charitable Contributions (Deductible on Personal Return)
- Clothes / Uniforms

- Uniforms only !

- Computer Expenses
- Contract Labor

- Technology Support
- Coach

- Copies
- Credit Reports
- Customer Gifts

- $25 per person ($50 per couple)

- Continuing Education

– Books
– Newsletters
– Tapes / CDs
– Seminars
– Magazine Subscriptions

- Dues

– MLS
– NABOR
– Board of Realtors
– Other

- Equipment

– Copier
– Fax
– Computer
– Cell Phone
– Interest / Finance Charges

- Home Office

– NEW Simplified Option
($5 p/sf -- $1,500 Max)
Can not take if S-Corp

- Insurance

– E&O
– Insurance – Health
– Property - Office

- Legal
- Meals & Entertainment (50% Deduction)

- SUPRA Keys
- Office Supplies

– Paper
– Ink & Cartridges
– Photography
– Postage/Freight/Delivery
– Printing (Non-advertising)
– Professional Fees

- Rent – Office
- Repairs & Maintenance

– Office
– Janitorial & Cleaning
– Computers
– Copier

- Payroll Expenses

– Staff (Gross Pay)

- Telecommunications

– Phone Line
– Cell Phone
– Answering Service
– Internet Line