When filing tax returns, it’s essential you aren’t missing out on any business expenses which can cause to you pay too much in income taxes. Here are a few of the many tax deductions that are often overlooked by real estate agents.
The top overlooked tax deduction for real estate Agents is the home office deduction. Many real estate agents don’t claim the deduction because their tax professional says it will “raise a red flag” with the IRS. In my opinion, if you are entitled to the deduction then you should claim it. In order to take a deduction for the home