Taxes for Real Estate Agents
Income mix: 1099 commissions; team splits; occasional W-2 assistant roles; rental K-1s for investor-agents.
Common deduction themes
- Mileage or actual vehicle costs for business use
- Marketing, MLS, staging, and licensing fees
- Home office when exclusive-use tests are met
Commission months are lumpy. Safe-harbor estimates based on last year’s tax can fail in a breakout year—recalculate mid-season after large closings.
Vehicle logs matter more than year-end reconstructions. Choose standard mileage or actual costs with contemporaneous records, and keep QBI worksheets if commissions push taxable income near phaseouts.
Related calculators
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- Federal & paycheck Quarterly Estimated Tax quarterly estimated tax calculator
- Business & self-employed Section 199A QBI Deduction QBI deduction calculator