Use this form to summarize and organize your tax deductible business expenses. In order to deduct expenses in your trade or business, you must show that the expenses are “ordinary and necessary.” An ordinary expense is one which is customary in your particular line of work. A necessary expense is one which is appropriate, but not necessarily essential in your business. The application of these terms to you relies heavily on the “facts and circumstances” of your unique situations. A business expense deduction must also take into account any reimbursement you have received, or could have received for that expense from your employer or another source.
The information provided is an abbreviated summary of the rules for business expenses applicable to real estate professional. For additional details as to specific business expenses, the records required, and the various governmental regulations. Please contact one of our staff.
Auto Travel
- Client Meetings (mi)
- Continuing Education (mi)
- Escrow & Loan Office (mi)
- Out of Town Business Trips (mi)
- Showing Property (mi)
- Parking Fees ($)
- Tolls ($)
- Other
Travel – Out of Town
- Airfare
- Bus & Subway
- Bridge & Highway Tolls
- Car Rental
- Laundry
- Lodging (do not combine with meals)
- Meals (do not combine with lodging)
- Parking
- Porter, Bell Captain
- Taxi
- Telephone Calls (including home)
- Train
- Other
Professional Fees & Dues
- Association Dues
- Chamber of Commerce
- Licenses
- Realty Board
- Other
Telephone Expenses
- Cellular Service
- Fax Transmissions
- Paging Service
- Pay phone
- Toll Calls
- Other
Continuing Education
- Correspondence Course Fees
- Materials, Supplies & Textbooks
- Seminar Fees
- Other
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Equipment Purchases
- Answering Machine
- Calculator
- Camera
- Computer Equipment
- Copy Machine
- Fax Machine
- Pager
- Recorder
- Telephone
- Other
Supplies & Expenses
- Advertising, Signs, Flags & Banners
- Appraisal Fees
- Attorney Fees
- Bank Charges
- Briefcase
- Business Meals (enter 100% of expense)
- Business Cards
- Clerical Service
- Computer Software & Supplies
- Courier Service
- Entertainment 9enter 100% of expense)
- Equipment repair
- Fax Supplies
- Film & Processing
- Finders Fees
- Gifts & Flowers
- Greeting Cards
- Insurance – Errors & Omission and Liability
- Legal & Professional Services
- Lock Boxes, Keys & Locksmith
- Map Book
- Multiple Listing Service
- Office Expenses
- Open House Expenses
- Photocopy Expenses
- Postage
- Referral Fees
- Rent
- Repairs to Sell Listed Property
- Shipping
- Stationery
- Other
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