Realtors Tag

02 Aug

Are There Car Tax Deductions for Real Estate Agents in 2019?

If you're a real estate agent, you probably drive your car a lot for work. You're probably wondering if there are car tax deductions for real estate agents like you. The short answer: yes. It’s a simple process of changing your personal vehicle to your “business vehicle” on your tax return. At that point, the car is worth...

arm driving a vehicle in first-person view
22 May

Realtors Cautioned on Mileage Deductions on Tax Returns

A client came to us when he found out he was being audited by the IRS. He received the dreaded IRS notice in the mail, demanding he bring his books and records for the tax year in question down to the Federal building in Columbus. Turns out he claimed over 50,000 miles in mileage deductions for...

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