Tax Write-Offs For Real Estate Agents and Brokers in 2021

[@karltondennis]

What tax strategy will you use as a real estate agent or broker?

[@Joseph.Esqueda]

I am so sad! I worked all summer as an independent contractor selling pest control door to door. My group and I talked business at lunch, and I drove a lot! It is true: It is what you do not know that can hurt you. Now, I'll all be paying taxes on everything because I did not know how to write things off, but I am now ready for next year. Thank you Karlton!

[@danas.8977]

Joseph, you can amend your taxes from the past 3 years and still take those mileage deductions!

[@kclark91197]

You are Heaven Sent!🙏🏽 I just became a realtor and signed with my broker this month. This is the information I didn’t know I needed.

[@wardy5078]

I get my real estate salesperson license in 2 weeks so this will come in handy! 👍👍

[@queenelizabeth7387]

Whats your best study strategy

[@karltondennis]

Nice!

[@wardy5078]

@@queenelizabeth7387 I'm just writing out a bunch of vocabulary flashcards and having either friends or family quiz me on them👍👍

[@jayewood2524]

I'm about to become a real estate agent at the beginning of the year, so this is right on par with what I need to consider and accomplish.

[@timekr]

I'm getting my real estate license in a couple months; just curious if you took any of the steps he talked about? Also how many sales have you closed so far?

[@anil-vh1xf]

That was good! Your smile while talking

[@karltondennis]

Thanks

[@washan_the_realtor]

You are Elite!! One of a kind. So glad I found your channel!!!!

[@shantaeholland5939]

I’m glad that l came across your channel Karlton! Thanks for sharing this awesome content. 😊

[@lida.rosas.]

Once again, great information on this video! I am an aspiring real estate agent and before doing anything I want to make sure I'm well informed on both the practical and financial aspect of this career. Thank you for this video and such valuable information! I hope you're having a great one wherever you are and in whatever you're doing 🤘🤘

[@desigirl9707]

Wow you paint the picture so well. I understand it now. All I need to do is find CPA who is as good as you.

[@Jahguaar]

I am committed to self-development & thriving.

[@Blah678]

Just became a licensed salesperson. Going through the official agent process right now.. I appreciate this info. I heard you say your in California. LA. area?

[@catd1190]

Hello Karlton I came across you on IG this morning and have watched several of your videos today. Please consider doing this type of video for Notary Loan Signing Agents. I’m a new LS Agent and business owner, love your content!

[@notlisteningwhocares8877]

Thanks brother .

[@qmccall0328]

My CPA was trash - and fired him. I need a guy like this on my business team.

[@karltondennis]

Check out the links in the description to set up a consultation with myself or my team.

[@billanderson3866]

Great Delivery!

[@meghanfreckleton-hopkins5701]

Great video! Will have to learn more about this Agusta Rule Strategy and the 179... Thank you!

[@chase_vaseleou]

Huge fan of the recent vids! Do an influencer tax strategy video! KZbinrs, IG, TikTokers need insight.

[@karltondennis]

I have a write-offs for youtubers, you should check it out! Got more videos coming though.

[@chase_vaseleou]

@@karltondennis thanks for the reply. I'll check it out! I should have been more specific. Food blogger write offs. I never know if I can write off a meal that I review. It's for business research.

[@mercez7625]

Very Useful!

[@rodinymoise8248]

Carlton can you please do a video on tax strategy using RV as Airbnb

[@rodinymoise8248]

Carlton can you please do a video on tax strategy using RV as Airbnb

[@TheJakeShow24]

Great video

[@nickkkk495]

Seriously this is awesome content! Thanks for sharing !!!

[@themillers901]

Fantastic info! Thank you

[@That_Cyber_Dude]

Well done sir!!

[@shantaeholland5939]

How did you get licensed in all 50 states?

[@persicon_jl]

Amazing my man. Great info.

[@MrCristianperez5]

Does it benefit me as a new agent to separate myself with an llc if I’m going to be doing buy and hold, fix and flips and wholesale? I can’t seem to find the answer to that question. I want to my RE do a sole prop as a new sales agent and separate my investing as a separate entity

[@Cardroid]

Thanks for the white board.. this really helps!

[@chrisfrieberg7720]

Great info! How can I find a tax strategist in my local area? Or do you work via zoom?

[@shadidmack]

I see you have upgraded your sound quality. Thank god! Now I will subscribe and check out your videos from here forward. I would humbly suggest you redo the sound on your old videos because it needs to be done. Thanks for the upgrade, it's very professional

[@ropicllcoffical9610]

@Karlton Dennis do forex/day trading tax strategies

[@karltondennis]

Check out some of my other videos for similar strategies, but I've got more videos coming.

[@KLander03]

Appreciate this video!

[@superjeffstanton]

Real nice Info man!

[@georgelokko4333]

WOuld love to see the breakdown for C-Corp and S-Corp? Also, how to add other LLCs or S Corps under a C-Corp

[@karltondennis]

Check out some of my similar videos, but got more on these coming soon!

[@melmelstar7604]

Thank you so much for this video. Im looking to avoid being hammered by S/E taxes like last year. Im licensed in PA. still small fry and looking to change that. lol

[@CalSellsRaleigh]

Another great video

[@nickkkk495]

Great video

[@riverafloridahomes]

Do you guys work with realtors in Florida?

[@SmaySon]

just subscribed. Licensed realtor in PA myself

[@melmelstar7604]

Im also a realtor in PA! trying to learn how to not get so hammered on taxes. lol

[@SmaySon]

@@melmelstar7604 I hear that hahaha

[@Truth24434]

Can you recommend anyone in California?

[@kalanietran4202]

Thanks for the video as I am a new agent, I have so much to learn about tax deductions, this is perfect! For sole proprietorship, is Umbrella Policy deductible and considered as Business insurance?

[@LivinginCoachellaValley]

I'm a new agent in California, what do I need to do to set myself up as a sole proprietorship?

[@JalenP.]

Karl ton how does Amazon have a zero profit, do they put their entities in debt to one another so they don’t pay, and is that legal?

[@scchung972]

Hi Karlton, ty for putting this video out there. Do you know if agents can elect Scorp in NJ? I've been told it is not allowed by the NJ Commission to pay agents as LLC though some agents say that they take the commission check and put it through their personal account, then immediately convert it over to business LLC account. If you have any pertinent information, please let me know. Ty

[@aglifestylevlog]

Hey, To get these deductions do i need to at least have a sole proprietor LLC ? I an working on becoming an Agent by Jan 2023 and currently do not have any LLC

[@analeeromero2762]

Do you have the info in notes or a printable guide?

[@kawikasmith4089]

You're amazing man! How do I get you to talk and work for me?

[@notlisteningwhocares8877]

Thank God Texas doesn’t have state taxes !

[@NickCardenasRealEstate]

If I have an s corp can I contribute to a SEP IRA in my personal name and have the write offs or does it need to be contributed from the SCorp?

[@micahhenn9441]

What phone stand is that

[@InvestAndGrow2020]

I like him

[@karltondennis]

Thanks

[@500KLA]

😊

[@tashajones2427]

👍

[@SHAWANABOYER]

WOW, you answered my questions about filing as a Realtor. Great knowledge you shared here... However, I have a question about my investment property. I am a new investor should I file under my Realtor LLC or create a fictitious name or another LLC for my investment properties? I'm located in Florida. Thanks so much @karlton

[@Swipe-daddy]

Are mls, desk fee and union dues deductible