November 27, 2013

Michael Petruccelli asks; Do you have a check list of tax deductions for Realtors?(9)



Michael Petruccelli says;  Checklist of deductions (a)
Here’s a checklist of common expenses for real estate agents and brokers that you can use to make sure you don’t miss any deductions this year:
  • advertising expenses, including websites, mailing lists, newspaper advertising, fliers, online advertising, postcards, promotional materials, logo clothing, and anything else you pay for to market your real estate business;
  • bookkeeping, accounting and legal fees;
  • business gifts (up to $25); 
  • business meals and entertainment (only 50 percent deductible); 
  • business-related magazines and books  
  • cab fares for business travel; 
  • car and truck expenses, including business mileage, depreciation, insurance, interest on car loans, lease payments, license plate fees, parking expenses, and tolls;