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88: Taxes as a Real Estate Agent

88: Taxes as a Real Estate Agent

FromShop Talk: The Real Estate Show


88: Taxes as a Real Estate Agent

FromShop Talk: The Real Estate Show

ratings:
Length:
10 minutes
Released:
Mar 25, 2022
Format:
Podcast episode

Description

Taxes aren’t a fun conversation, but filing them does fulfill your role as a U.S. citizen and real estate agent. They’re vital to the health of our communities, states, and society. When it comes to tax season, being organized the year prior is important for correctly filing your taxes and understanding your business’s expenses. In this episode, we’ll touch on the differences between filing taxes as an employee versus being self-employed, as well as what kind of deductions are applicable for real estate agents and how to qualify for them. For more information about tax preparation as a real estate agent, check out our recent blogs  Filing Taxes as a Real Estate Agent in 2022 and How Do Real Estate Agents File Taxes?Here is the list of most common cars, SUVs, and pick-up trucks that small businesses use to qualify for the Section 179 tax deduction: Audi Q7BMX x5 and x6Buick EnclaveCadillac XT5, XT6, and EscaladeChevrolet Silverado, Suburban, and TahoeChrysler PacificaDodge Durango and Grand CaravanFord Expedition, Explorer, and F-150GMC Acadia, Sierra, and YukonHonda Pilot and OdysseyInfiniti QX80 and QX56Jeep Grand CherokeeLand Rover Range Rover and DiscoveryLexus GX460 and LX570Lincoln MKT and NavigatorMercedes-Benz G550, GLS, GLE, and MetrisNissan Armada, NV 1500, NVP 3500, and TitanPorsche CayenneTesla Model XToyota 4Runner, Landcruiser, Sequoia, and Tundra 
Released:
Mar 25, 2022
Format:
Podcast episode

Titles in the series (94)

Shop Talk makes real estate agents better at their job by featuring unique topics and interviews with industry experts.