9 Tax Deductions for Real Estate Agents & Brokers

[@susannicky]

Real estate investors losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.

[@graywilliams_77.]

Thanks for this piece of advice. if you don't mind how can I get in touch with her?....

[@graywilliams_77.]

Thanks for the efforts you put in these. I found her and i leave her a message i await a response.

[@meliss9536]

Yeah, if you’re talking about giant corporations that buy up properties. Your average investor, no. That is definitely not why the market is the way it is now. Covid. Biden, tons of illegals coming in, Biden giving billions away to other countries and illegals, etc. so many people want to complain or say they’ll never own a house, but get out there and do what you want and stop playing the victim. I’m guessing you’re a democrat.

[@grameenagro8342]

Thanks for step by step process tax deducted real estate agents and brokers. Wish you good luck

[@everythingej698]

Thank you so much! Extremely helpful!

[@jeffreyalmaraz1007]

This channel is so underrated, he deserves a million subscribers

[@adriannerossbach2080]

Very helpful thank you for providing such value to all of us!

[@clairemoore9012]

Thank you for your time and information!

[@FinancialFreedomMadeSimple]

Thanks for the discussion.

[@mr.m8088]

Very helpful and informative

[@erickramos6329]

Please do a tax deduction video for Restaurant owners

[@vee8599]

Can I still claim anything, brand new agent haven’t made anything but I also paid a lot in fees and some start up costs

[@obijohns6197]

why claim if you have no income, that means you have no taxes to pay either

[@SolanyiDominguez-z2o]

What about if you did not make any sales this year but paid your dues

[@lifewithkyla]

Wondering the same thing

[@tintedeyez]

Can you do one of these episode for IT/ cybersecurity professionals?

[@LSUguy22693]

Great video! Just a heads up, I believe business meals in a restaurant are 100% deductible through the end of 2022.

[@michelletxrealtor]

Amazing video, thank you

[@luisortiz15]

Can we deduct our clothing?

[@albertoestrella4261]

Great tips

[@andrewcoon192]

Great video

[@LYFEAccounting]

Thank you, Andrew! I put a lot of effort into it. Are you currently a real estate agent?

[@robbdob]

Would a $500 closing cost credit count as a gift since it chnaged my gross?

[@Drakemorel]

How would you go about getting a verified or “approved” amount for depreciation for a vehicle?

[@lekollavia5795]

Thank you so much for this amazing video. Can we have one about the travel nurses, what they can deduct?

[@jessicadawson2302]

Can you make a tax write off for LLC truckers owner ops, filing single member LLC

[@LYFEAccounting]

That’s actually on my list!

[@richardhandler8599]

With the vehicle tax deduction you mentioned the price of the car. Is there a price cap where you can no longer write off the vehicle expenses? Such as a 70-90k vehicle

[@livingincharlestonwv5517]

To get a vehicle write-off, the vehicle has to be 6000 lbs or more. Has to be a primary work vehicle. Let's say you trade in your current vehicle, which is worth $30k. Then let's say you buy a $60k vehicle. You can write off $30k (difference between trade-in and total purchase price)

[@Olamide5090]

Do I need a separate bank account, business credit, business credit card for all these expenses as a real estate agent?

[@livingincharlestonwv5517]

Yes

[@mikecoughlin4128]

A topic for you to consider for a future video. We are in our late 50s, no car payments, house will be paid off in about 2 years, wife is retired and working part time, I work full time with a good salary. Once house is paid should we put that money back into real estate in a new house, rental property, retirement funds, or ? Speaking from a tax perspective. Thanks.

[@JPS95gti]

There's no F in wealth

[@stanleynowak9325]

Okay, I am looking at over one million in GCI next year. This video assumes I am a loser.