Hey guys! How was tax season? Was it fun? Were you thoroughly prepared? Did you make it easy on yourself by keeping track of all your expenses the entire year? Of course you didn’t! I have a serious question though: When in life are we supposed to actually get taught how to do our taxes? Was there something I missed in high school or college? What about in real estate school? Of course it wasn’t taught in real estate school…nothing was.
Luckily for you I found an all-inclusive tax solution that manages your expenses for listings, client meetings, open houses, etc. The solution is the “Tax Savior,” Quickbooks Self-Employed for Realtors, where users save $4,340 on average a year. Stop being dumb and start preparing for tax season like the smart, savvy realtor you seem to be on Instagram. Get your 30 day FREE trial here.
Now, I will help answer one of the most frequently asked questions in the real estate industry, “Can I just write that off?”
Seven write-offs for real estate agents:
- Networking Event fees: If you are like me, you have joined a plethora of networking groups to pick up new clients. Unfortunately the only people that go to these events are other real estate agents…
- Direct Mail: Does this actually work?
- Agent Improvement: This includes sales books, continuing education, seminars, etc. You can even write-off that Gary Keller book that we all read when we first got into the business!
- Vehicle Mileage: We spend our entire lives in our cars, so yeah, you can write off your miles.
- Desk Fees: For some brokerages this can get very pricey. I’m not finding a picture for this.
- “Business Meals:” I picture Dr. Evil saying this in quotes.
- Home Office: Oh, you’re one of thoooose agents.