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
- Between Jobs of Job Locations (mi)
- Client Meetings (mi)
- Continuing Education (mi)
- Job Seeing (mi)
- Out of Town Business Trips (mi)
- Purchasing Job Supplies & Materials (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
- Licenses
- Union Dues
- Other
Telephone Expenses
- Cellular Service
- Fax Transmissions
- Paging Service
- Pay phone
- Toll Calls
- Other
Miscellaneous Expenses
- Liability Insurance – Business
- Subscriptions
- Professional Subscriptions
- Resume
- Other
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Continuing Education
- Correspondence Course Fees
- Materials, Supplies & Textbooks
- Seminar Fees
- Course Registration
- Photocopy Expense
- Reference Material
- Other
Equipment Purchases
- Answering Machine
- Calculator
- Copy Machine
- Fax Machine
- Pager
- Telephone
- Other
Supplies & Expenses
- Advertising, Signs, Flags & Banners
- Bank Charges
- Bookkeeping
- Briefcase
- Business Meals (enter 100% of expense)
- Business Cards
- Clerical Service
- Computer Software & Supplies
- Customer Lists
- Entertainment 9enter 100% of expense)
- Equipment repair
- Fax Supplies
- Gifts & Flowers
- Greeting Cards
- Legal & Professional Services
- Office Expenses
- Open House Expenses
- Photocopy Expenses
- Postage
- Rent
- Shipping
- Trading Publications & Map Book
- Other
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