Answers/Agents
Tax and money questions real estate agents ask
Straight answers with the forms, thresholds, and deadlines that actually apply. Every page starts with the short answer and ends with what to do about it.
Answered so far
3
questions for real estate agents
Write offs
What Can a Real Estate Professional Deduct?
Real estate agents can deduct any ordinary and necessary business expense on Schedule C, including mileage, broker and desk fees, MLS and association dues, marketing, staging, photography, E&O insurance, referral fees paid out, continuing education, and a home office. These reduce the commission income reported from 1099-NEC checks before self-employment tax applies.
How Much Loss Can A Real Estate Professional Deduct?
A qualifying real estate professional can deduct 100% of rental real estate losses against other income, with no dollar cap from the passive activity rules. You must log more than 750 hours and more than half your total working hours in real property trades, and materially participate in each property, per IRC Section 469(c)(7). The excess business loss limit under IRC 461(l) can still cap the amount in a single year.
General self employment
What you get with Amadae
One flat monthly price. Real accountants who know how real estate agents get paid.
- Commission checks and brokerage 1099s categorized as they land
- Mileage, marketing, and license costs tracked as write-offs monthly
- Quarterly estimates calculated and set aside before each deadline
- Your return filed by a real accountant, S-corp math included
Free 30-minute review. Cancel any time.
Plans from
$249/mo
If you make $40K - $69K. Flat, no hourly bills.
- Monthly profit and loss reports
Stop Googling agent taxes between showings.
Books, estimates, and filing for real estate agents. Flat monthly price.