{"id":82285,"date":"2023-02-04T05:18:56","date_gmt":"2023-02-04T05:18:56","guid":{"rendered":"https:\/\/useline.com\/blog\/?p=82285"},"modified":"2024-08-02T08:30:07","modified_gmt":"2024-08-02T08:30:07","slug":"tax-writeoffs-for-real-estate-agent-beem","status":"publish","type":"post","link":"https:\/\/trybeem.com\/blog\/tax-writeoffs-for-real-estate-agent-beem\/","title":{"rendered":"31 Tax Deductions for Real Estate Agents | Beem"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"82285\" class=\"elementor elementor-82285\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7c120ac elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7c120ac\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-87b1db5\" data-id=\"87b1db5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-38bbe98 elementor-widget elementor-widget-html\" data-id=\"38bbe98\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<br>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c89098e elementor-widget elementor-widget-html\" data-id=\"c89098e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<br>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-247a39a taxwriteoff-top-paragraph elementor-widget elementor-widget-text-editor\" data-id=\"247a39a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>NAICS code:\u00a0<\/strong><b>531210<\/b><\/p><p>As you&#8217;re probably aware, it&#8217;s often said that you need to invest money in your business in order to make money, and this is especially true for real estate agents, who need to spend a lot of money upfront in order to attract clients.\u00a0<\/p><p>As an example, you might wish to pay for social media ads to promote your services, give prospective clients bonuses such as complimentary home staging, or pay for leads from sites like Zillow so that you can advertise your services more effectively. You&#8217;ll be happy to know that because these expenses are necessary to your business, you can write them off as a tax deduction because they are necessary. The list goes on and on, and they are not the only ones doing it!\u00a0<\/p><p>We have put together a list of the most common write-offs for real estate agents that you can use to deduct your expenses.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61d1438 service-box-list elementor-widget elementor-widget-text-editor\" data-id=\"61d1438\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li><h3><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4b5.svg\" alt=\"\ud83d\udcb5\" \/>\u00a0\u00a0<b>Realtor dues<\/b><\/h3><p><b>Use Schedule C, Box 27a, to write it off<\/b><\/p><p>Deduct any dues, fees or subscriptions to a realtor&#8217;s association or listing service.<\/p><div>\u00a0<\/div><\/li><li><h3><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f469-200d-1f3eb.svg\" alt=\"\ud83d\udc69\u200d\ud83c\udfeb\" \/> <b>Property promotion<\/b><\/h3><p><b>Use Schedule C, Box 8, to write it off<\/b><\/p><p>Marketing material can be written off, from postcards, property signs to ads.<\/p><\/li><li><div><h3><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4b8.svg\" alt=\"\ud83d\udcb8\" \/> <strong>Agency commissions<\/strong><\/h3><p><strong>Write it off using: Schedule C, Box 10<\/strong><\/p><p>Commission fees you pay for agency representation are fully deductible.<\/p><\/div><\/li><li><h3><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f464.svg\" alt=\"\ud83d\udc64\" \/>\u00a0<b>Seminars &amp; workshops<\/b><\/h3><p><strong>Write it off using: Schedule C, Box 27a<\/strong><\/p><p>Coaching, seminars, or workshops to keep your work-related skills up-to-date.<\/p><\/li><li><h3><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f464.svg\" alt=\"\ud83d\udc64\" \/> <b>Legal fees<\/b><\/h3><p><b>Use Schedule C, Box 17, to write it off<\/b><\/p><div>Legal fees paid for the formation of your business or preparing your paperwork.<\/div><\/li><li><h3>\u00a0<img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4b5.svg\" alt=\"\ud83d\udcb5\" \/> <b>Desk fees<\/b><\/h3><h5><strong style=\"color: var( --e-global-color-secondary ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-size: 1rem; letter-spacing: var( --e-global-typography-text-letter-spacing );\">Write it off using: Schedule C, Box 10<\/strong><\/h5><p>Fees you pay in exchange for a desk at your broker&#8217;s office or in a coworking space.<span style=\"color: var( --e-global-color-secondary ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-size: 1rem; font-weight: var( --e-global-typography-text-font-weight ); letter-spacing: var( --e-global-typography-text-letter-spacing );\">\u00a0<\/span><span style=\"color: var( --e-global-color-secondary ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-size: 1rem; font-weight: var( --e-global-typography-text-font-weight ); letter-spacing: var( --e-global-typography-text-letter-spacing );\">\u00a0<\/span><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-54ad70e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"54ad70e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a9d5656\" data-id=\"a9d5656\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-07bdc3f elementor-widget elementor-widget-shortcode\" data-id=\"07bdc3f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t<div data-elementor-type=\"page\" data-elementor-id=\"138943\" class=\"elementor elementor-138943\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-45c63b0d elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"45c63b0d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4498c983\" data-id=\"4498c983\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1f3c3bc1 elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"1f3c3bc1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">File federal &amp; state taxes for<br>\nFree. Max refund guaranteed.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a88781e elementor-mobile-align-center elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-button\" data-id=\"5a88781e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/trybeem.com\/online-tax-filing\" target=\"_blank\" rel=\"nofollow\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get started<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1636a5fa elementor-mobile-align-center elementor-hidden-mobile elementor-widget elementor-widget-button\" data-id=\"1636a5fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/trybeem.com\/online-tax-filing\" target=\"_blank\" rel=\"nofollow\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get started<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-017aaf8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"017aaf8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f695686\" data-id=\"f695686\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0320b3e elementor-widget elementor-widget-html\" data-id=\"0320b3e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<br>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f2110ae service-box-list elementor-widget elementor-widget-text-editor\" data-id=\"f2110ae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li><h3><strong><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f310.svg\" alt=\"\ud83c\udf10\" \/> Website &amp; hosting fees<\/strong><\/h3><p><strong>Write it off using: Schedule C, Box 8<\/strong><\/p><p>Squarespace, Wix, GoDaddy, and other website service fees.<\/p><\/li><li><h3><strong><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f5bc.svg\" alt=\"\ud83d\uddbc\ufe0f\" \/>\u00a0<\/strong><b>E&amp;O insurance<\/b><\/h3><p><strong>Write it off using: Schedule C, Box 15<\/strong><\/p><p>Real estate agents must carry errors and omissions insurance, which is deductible.<\/p><\/li><li><div><h3><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f3ab.svg\" alt=\"\ud83c\udfab\" \/>\u00a0<b>Business card<\/b><\/h3><p><strong>Write it off using: Schedule C, Box 8<\/strong><\/p><p>Count your business cards as advertising expenses if your contact information on them.<\/p><\/div><\/li><li><h3><strong><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4f1.svg\" alt=\"\ud83d\udcf1\" \/>Phone, laptop, accessories<\/strong><\/h3><p><strong>Write it off using: Schedule C, Box 27a<\/strong><\/p><p>If you buy a phone or laptop and use it for work, it&#8217;s partially deductible.<\/p><\/li><li><h3><strong><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4da.svg\" alt=\"\ud83d\udcda\" \/> Educational books<\/strong><\/h3><p><strong>Write it off using: Schedule C, Box 27a<\/strong><\/p><p>Educational books to increase your knowledge and skills are tax write-offs.<\/p><\/li><li><h3><strong><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4dd.svg\" alt=\"\ud83d\udcdd\" \/> Office supplies<\/strong><\/h3><p><strong>Write it off using: Schedule C, Box 18<\/strong><\/p><p>Any office supplies you purchase, like pens, binders, printer ink and whiteboards.<\/p><\/li><li><div><h3><strong><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f60e.svg\" alt=\"\ud83d\ude0e\" \/> Self-promotional<\/strong><\/h3><p><strong>Write it off using: Schedule C, Box 8<\/strong><\/p><p>Portfolios, business cards: write off anything you use to promote yourself.<\/p><\/div><\/li><li><h3><strong><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f3ab.svg\" alt=\"\ud83c\udfab\" \/> <\/strong><b>Software<\/b><\/h3><h5><strong style=\"color: var( --e-global-color-secondary ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-size: 1rem; letter-spacing: var( --e-global-typography-text-letter-spacing );\">Write it off using: Schedule C, Box 18<\/strong><\/h5><p>Cost of CRM software, lead generation software, or e-mail marketing software.<\/p><\/li><li><h3><strong><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/1f4f1.svg\" alt=\"\ud83d\udcf1\" \/> Social media tools<\/strong><\/h3><p><strong>Write it off using: Schedule C, Box 18<\/strong><\/p><p>Write off the tools you use to create assets, schedule posts or pull analytics.<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>NAICS code:&nbsp;531210 As you&#8217;re probably aware, it&#8217;s often said that you need to invest money in your business in order to make money, and this is especially true for real estate agents, who need to spend a lot of money upfront in order to attract clients.&nbsp; As an example, you might wish to pay for [&hellip;]<\/p>\n","protected":false},"author":74,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2317],"tags":[3132],"edited-by":[],"class_list":["post-82285","post","type-post","status-publish","format-standard","hentry","category-taxes","tag-tax-write-offs"],"acf":[],"_links":{"self":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts\/82285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/comments?post=82285"}],"version-history":[{"count":0,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts\/82285\/revisions"}],"wp:attachment":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/media?parent=82285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/categories?post=82285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/tags?post=82285"},{"taxonomy":"edited-by","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/edited-by?post=82285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}