December 3, 2013

Michael Petruccelli asks; Do you have a check list of tax deductions for Realtors?(11)



Michael Petruccelli says;  Checklist of deductions (c)
  • interest, such as interest for business loans, interest paid on business credit cards;
  • Internet access fees;
  • map books;
  • office equipment (cost may be deducted in one year using bonus depreciation or IRC Section 179);
  • office expenses, including rent, cleaning and maintenance, and utilities;
  • office supplies;
  • online computer services related to business
  • postage;
  • professional dues and fees — for example, multiple listing service dues and dues paid to the local Chamber of Commerce, Realtor associations, and real estate license renewal fees;