21 UNDERUSED Real Estate Agent Tax Deductions That Will SAVE You Money
In today's episode, we are going to cover 21 real estate agent tax deductions, some often overlooked.
Many real estate agents end up in this business as their second, third, or even fourth career. Very often, this is the first time someone has earned independent contractor income.
There are many benefits to this as deductions can often help you keep more of your money. However, it comes at the cost of being well informed about what can and cannot be deducted.
Deduct too much and your audit risk and income for future loans goes down, deduct too little and you're leaving money on the table that could have been saved and invested.
I'm going to cover 21 of my real estate agent tax deductions that I've learned over course of my 11 years in the business.
I'm by no means a CPA, nor do I attempt to play one on KZread. This is merely what I've found through years of research, discussion with my CPA, and listening to other real estate agents. I recommend you discuss ALL of the strategies I cover with your CPA before filing your taxes.
As I mention in the video, I use Quickbooks to make my annual tax filing simple and smooth and maximize my tax deductions. If you'd like to sign up for a free trial, considering using my affiliate link to save on your monthly subscription costs. I do earn a small commission if you choose to use this link: kyleh.link/quickbooks
If you have any questions about additional tax deductions or any of the ones I mentioned, please feel free to comment below.
//WATCH NEXT:
◦ Grow Your Real Estate Business From 0 - • How To Start A Real Es...
◦ How TO Be Successful in Real Estate Without Cold Calling - • How I STOPPED Cold Cal...
◦ eXp Realty Explained (2023) - • Video
//COME SAY HI!
Blog: www.kylehandy.com
Instagram: / realkylehandy
//CONTACT:
Send me a message: www.kylehandy.com/contact-kyl...
Partner with me at eXp Realty: www.kylehandy.com/partner/
Know someone moving to San Antonio, let my team help and receive a referral fee: kyleh.link/referral
//TOOLS & SERVICES I USE:
◦ Real Estate Express - Online Real Estate School - kyleh.link/realestateexpress (kyle40 for 40% off)
◦ REDX - Real Estate Prospecting Platform - kyleh.link/redx
◦ Reminder Media - Print Media & Digital Marketing - kyleh.link/remindermedia
◦ Coffee and Contracts - Real Estate Marketing Templates - kyleh.link/coffeecontracts (Kyle15 for $15 off)
◦ Canva - Graphic Design - kyleh.link/canva
◦ PrepAgent - Real Estate Exam Prep - kyleh.link/prepagent
◦ SendOutCards - Cards And Gifting Program - kyleh.link/sendoutcards
◦ TubeBuddy - KZread Optimization - kyleh.link/tubebuddy
◦ Aweber - Email Marketing - kyleh.link/aweber
◦ BombBomb - Video Email - kyleh.link/bombbomb
◦ Chime CRM - Real Estate CRM - kyleh.link/chime
◦ CatalyzeAI - Seller Leads - kyleh.link/catalyzeai
//PRODUCTS I USE
◦ My Favorite Real Estate Books - kyleh.link/books
◦ Best Laptops For Agents - kyleh.link/laptop
◦ Real Estate Home Office Equipment - kyleh.link/office
◦ Closing Gifts For Clients - kyleh.link/closinggifts
◦ My Tech Gadgets - kyleh.link/techgadgets
◦ Best 360 Cameras For Real Estate - kyleh.link/360camera
◦ Best Drones For Real Estate - kyleh.link/drone
◦ Gifts For Other Real Estate Agents - kyleh.link/realtorgifts
#kylehandy, #realestatetraining, #facebookretargetingads2020
Пікірлер: 101
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
Kyle, you're able to summarize the information a lot better than some of the long winded books I've looked at. Great work
This was exactly what I was looking for online. I found majority of videos just talking about real estate investors and owners but not much for agents. I love this. I took notes throughout the entire video. This will help me as I start my RE agent journey in 2021.
Thank you for your time with this video. Very detailed and was able to take alot of notes.
This was a lot of info, thank you! I saved this video to rewatch. I’ll be taking notes and writing down all the questions I have to ask CPA’s!
1%
Wow, I feel like I’m really getting a great head start with all this wonderful information... thank you again Kyle!
super helpful took a ton of notes!
Very informative, thank you!
This is a great video! Very informative yet easy to understand. Great job and thank you!
Great info. I've been a Realtor/Broker for 18 years and picked up a thing or two. Glad to know about the Solo 410K. Thanks again!
This is very helpful! As a brand new Realtor, I would have missed many deductible items. Thanks for the info.
GREAT GREAT STUFF here! thank you Kyle! I'm happy to be part of the dream team and have access to this awesome advice
Very informative! Bravo for a job well done 👍
Thanks, I never thought about auto insurance because my past businesses didn’t involve as much travel. Thanks!
Very helpful thank you 😊
Great info - A Big Thanks
1%
Thanks for your video was very helpful
very interesting content. very helpful!