REAL ESTATE AGENT TAX DEDUCTION CHECKLIST:
Real estate agents are generally deemed to be independent contractors who recieve Form 1099 Miscellaneous Income from their agency.
Below are common business expenses for real estate agents.
AUTO MILEAGE AND BUSINESS USE PERCENTAGE
January 1 Odometer Mileage ______________
December 31 Odometer Mileage ____________
Total Mileage ____________________________
Business Mileage _________________________
Personal Mileage _________________________
Business Use Percentage = Business Mileage/Total Mileage
Auto Club Membership Fees
Auto Repair Small Tools
Garage Rent
Gasoline
Insurance
Interest on Auto Loan
Lease Payments
License Fee
Maintenance
Oil Change
Parking
Registration Fees
Repairs
Road Tolls
Tag Fees
Taxes
Tires
Towing Charges
Washing
Waxing
Other
CONTINUING EDUCATION
Class Tuition
Materials, Supplies, Textbooks
Seminar Expenses
HOME OFFICE
Total Square Footage ______________________
Office Square Footage _____________________
GENERAL BUSINESS EXPENSES
Advertising
Appraisal Fees
Bank Fees
Banners
Briefcase
Casual Labor Paid
Clerical
Commissions Paid
Computer Supplies/Maintenance/Repairs
Courier Service
Credit Card Fees
Fax Supplies
Film/Film Processing
Finder's Fees
Gifts to clients & prospects
Greeting Cards
Insurance-Health, Dental, Long Term Care
Insurance-Errors & Omissions; General Liability, Malpractice, Business Interruption & Overhead.
Internet Fees
Legal
Licenses
Lock Box/Keys/Locksmith
Magazines
Maps
Meals (Only Business Related)
Notary
Office Supplies
Photocopying
Postage
Printing
Professional Fees
Publications
Referral Fees Paid
Registration
Regulatory Fees
Rent
Repairs
Research
Storage
Subscriptions
Telephone
Uniforms
Wages/Salaries/Payroll Expenses
Website
MEMBERSHIPS
Association Fees
Chamber Of Commerce
MLS Board
Realtor Board
Other
TRAVEL AWAY FROM HOME
Airfare
Auto Rental
Bus
Laundry
Lodging
Meals
Parking
Subway
Taxi
Telephone/Fax/Copy
Tips
Tolls
Train
Other
OPEN HOUSE EXPENSES
Advertising/Banners/Signs
Catering
Entertainment
PROFESSIONAL FEES
Accountant
Attorney
Other
EQUIPMENT
Camera
Computer/Fax/Printer
Desk/Chairs/Book Shelves/File Cabinets
Software
Other
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