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To make sure you understand the basics before Tax Day approaches, here is a great handout from tax expert Gita Faust, Certified QuickBooks ProAdvisor and author of Accounting for Real Estate Agents, who wrote our recent article about commonly missed tax deductions.
Smart agents want to know
- What qualifies as a deduction?
- What are the standard deductions I should start with?
- Where can I find the IRS official guides for more detail?
Ultimately, your deductions depend on how you run your business. And remember, taxes (much like real estate) are a business specialty so don’t be afraid to reach out to your local expert for help.
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