Tax Deductions for Real Estate Agents

Some deductions that may be available to real estate agents include:

• Memberships to unions and professional associations;

• Annual certificate of registration;

• Conferences, seminars and training courses and travel associated with their attendance;

• Cost of advertising;

• Newspapers and magazines with property listings;

• Travel to inspections and openings;

• Commissions on referrals.

Real estate agents may also be entitled to general tax deductions that are not work specific, such as investment deductions or car expenses deductions.