Real Estate Tax Deductions Checklist

It’s so helpful to work with an industry-specific bookkeeper, that way you won’t miss out on tax deductions unique to your industry. We recommend having a system in place so you can track all of your expenses throughout the year, so you’ll be prepared at year end and tax time. 

Use this checklist to make sure you’re tracking and claiming all the deductions you’re owed as a real estate agent. 

Real Estate Tax Deductions Checklist

  • Advertising costs.

  • Auto travel and expenses (in miles).

  • Office cleaning and maintenance.

  • Commissions paid.

  • Insurance premiums.

  • Legal services.

  • Professional services (e.g. accountant, assistant or marketing firm).

  • Management fees.

  • Bank fees and loan interest.

  • Office supplies, equipment and repairs.

  • Taxes.

  • Office utilities.

These could change over time. To get the latest list of self-employment deductions you can claim, get the IRS Schedule E.

If you want to outsource your bookkeeping to the experts, get a free estimate today! 

Real EstateLindsey SryockComment