Real Estate Agent Tax Deductions

Tax deductions for real estate agents and brokers. From marketing listings to vehicle costs, agents have unique deductible expenses tied to their business model.

real estaterealtorbrokerMLSproperty sales

check_circleWhat You Can Deduct

  • checkMLS membership and access fees
  • checkLockbox and showing service subscriptions
  • checkOpen house materials and signage
  • checkReal estate license renewal fees
  • checkProfessional photography for listings
  • checkClient closing gifts (up to $25 per client)

lightbulbTips for Keeping Records

  • tips_and_updatesVehicle mileage for property showings is one of the largest deductions for agents
  • tips_and_updatesMarketing expenses for individual listings are fully deductible
  • tips_and_updatesDesk fees or office splits paid to your brokerage are deductible
  • tips_and_updatesTrack client gift costs carefully — the limit is $25 per recipient per year

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