9 Tax Deductions for Real Estate Agents & Brokers
LYFE Accounting LYFE Accounting
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 Published On Jan 22, 2022

Share this video with your real estate agent! Because today, I am going to cover my top tax write-offs or tax deductions for real estate agents and realtors for 2022. & some of these deductions are often overlooked/underutilized by real estate agents across the United States.

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And because of that successful real estate agents DREAD tax season because they are likely to see a huge tax bill and have to reach into their savings to pay the IRS.

But I want to help you change that today because real estate agents have a plethora of tax deductions at their fingertips that can help them reduce their tax liability and build more wealth.

So in this video, I am going to break down how real estate agents receive income, a unique tax strategy with calculations, my top tax deductions to pay attention to and if you stick to the end, I have a bonus tax strategy for you as well.

Timestamps
Intro Joke (0:00)
What this Video Will Cover (0:43)
How is Income Reported? (1:32)
Real Estate Property Losses (2:55)
Loss Example (3:35)
Real Estate Professional Requirements (6:00)
Write off #1 (7:25)
Write off #2 (8:00)
Write off #3 (8:39)
Write off #4 (10:40)
Write off #5 (11:19)
Write off #6 (12:50)
Write off #7 (14:36)
Write off #8 (15:30)
Write off #9 (16:18)
Bonus Tip (17:15)

Suggested video to watch next: "How to Buy Rental Properties with an LLC"    • How to Buy Rental Property with an LL...  

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

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