Tax Write-Offs For Real Estate Agents and Brokers in 2021
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- Опубліковано 1 чер 2024
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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
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Want to learn the best tax write offs for real estate agents in 2021?
Here's are some tax deduction tips that can help you save more on paying taxes.
In this video we discuss: Strategies to help real estate agents and brokers pay less taxes for their business.
Watch this video to avoid overpaying to Uncle Sam and start making the most out of yourself your real estate business!
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
![Everyday Tax Write Offs for Small Businesses! [24 hr Challenge]](http://i.ytimg.com/vi/vtbh6QJBqzs/mqdefault.jpg)
What tax strategy will you use as a real estate agent or broker?
I am so sad! I worked all summer as an independent contractor selling pest control door to door. My group and I talked business at lunch, and I drove a lot! It is true: It is what you do not know that can hurt you. Now, I'll all be paying taxes on everything because I did not know how to write things off, but I am now ready for next year. Thank you Karlton!
Joseph, you can amend your taxes from the past 3 years and still take those mileage deductions!
Seriously this is awesome content! Thanks for sharing !!!
You are Elite!! One of a kind. So glad I found your channel!!!!
I’m glad that l came across your channel Karlton! Thanks for sharing this awesome content. 😊
Fantastic info! Thank you
Real nice Info man!
Amazing my man. Great info.
Well done sir!!
Great video! Will have to learn more about this Agusta Rule Strategy and the 179... Thank you!
Great Delivery!
Appreciate this video!
I get my real estate salesperson license in 2 weeks so this will come in handy! 👍👍
Whats your best study strategy
Nice!
@@queenelizabeth7387 I'm just writing out a bunch of vocabulary flashcards and having either friends or family quiz me on them👍👍
I am committed to self-development & thriving.
Hello Karlton I came across you on IG this morning and have watched several of your videos today. Please consider doing this type of video for Notary Loan Signing Agents. I’m a new LS Agent and business owner, love your content!
Another great video
Once again, great information on this video! I am an aspiring real estate agent and before doing anything I want to make sure I'm well informed on both the practical and financial aspect of this career. Thank you for this video and such valuable information! I hope you're having a great one wherever you are and in whatever you're doing 🤘🤘
Thanks brother .
Thanks for the white board.. this really helps!
Carlton can you please do a video on tax strategy using RV as Airbnb
Thanks for the video as I am a new agent, I have so much to learn about tax deductions, this is perfect! For sole proprietorship, is Umbrella Policy deductible and considered as Business insurance?
Great video
Thank you so much for this video. Im looking to avoid being hammered by S/E taxes like last year. Im licensed in PA. still small fry and looking to change that. lol
That was good! Your smile while talking
Thanks
Just became a licensed salesperson. Going through the official agent process right now.. I appreciate this info. I heard you say your in California. LA. area?
Wow you paint the picture so well. I understand it now. All I need to do is find CPA who is as good as you.
You are Heaven Sent!🙏🏽 I just became a realtor and signed with my broker this month. This is the information I didn’t know I needed.
How did you get licensed in all 50 states?
Hi Karlton, ty for putting this video out there. Do you know if agents can elect Scorp in NJ? I've been told it is not allowed by the NJ Commission to pay agents as LLC though some agents say that they take the commission check and put it through their personal account, then immediately convert it over to business LLC account. If you have any pertinent information, please let me know. Ty
Are mls, desk fee and union dues deductible
Does it benefit me as a new agent to separate myself with an llc if I’m going to be doing buy and hold, fix and flips and wholesale? I can’t seem to find the answer to that question. I want to my RE do a sole prop as a new sales agent and separate my investing as a separate entity
I see you have upgraded your sound quality. Thank god! Now I will subscribe and check out your videos from here forward. I would humbly suggest you redo the sound on your old videos because it needs to be done. Thanks for the upgrade, it's very professional
Do you have the info in notes or a printable guide?
Karl ton how does Amazon have a zero profit, do they put their entities in debt to one another so they don’t pay, and is that legal?
Huge fan of the recent vids! Do an influencer tax strategy video! UA-camrs, IG, TikTokers need insight.
I have a write-offs for youtubers, you should check it out! Got more videos coming though.
@@karltondennis thanks for the reply. I'll check it out! I should have been more specific. Food blogger write offs. I never know if I can write off a meal that I review. It's for business research.
I'm about to become a real estate agent at the beginning of the year, so this is right on par with what I need to consider and accomplish.
I'm getting my real estate license in a couple months; just curious if you took any of the steps he talked about? Also how many sales have you closed so far?
WOuld love to see the breakdown for C-Corp and S-Corp? Also, how to add other LLCs or S Corps under a C-Corp
Check out some of my similar videos, but got more on these coming soon!
Do you guys work with realtors in Florida?
just subscribed. Licensed realtor in PA myself
Im also a realtor in PA! trying to learn how to not get so hammered on taxes. lol
@@melmelstar7604 I hear that hahaha
If I have an s corp can I contribute to a SEP IRA in my personal name and have the write offs or does it need to be contributed from the SCorp?
I'm a new agent in California, what do I need to do to set myself up as a sole proprietorship?
My CPA was trash - and fired him. I need a guy like this on my business team.
Check out the links in the description to set up a consultation with myself or my team.
Can you recommend anyone in California?
Hey, To get these deductions do i need to at least have a sole proprietor LLC ? I an working on becoming an Agent by Jan 2023 and currently do not have any LLC
@Karlton Dennis do forex/day trading tax strategies
Check out some of my other videos for similar strategies, but I've got more videos coming.
You're amazing man! How do I get you to talk and work for me?
What phone stand is that
I like him
Thanks
😊
👍
Thank God Texas doesn’t have state taxes !
WOW, you answered my questions about filing as a Realtor. Great knowledge you shared here... However, I have a question about my investment property. I am a new investor should I file under my Realtor LLC or create a fictitious name or another LLC for my investment properties? I'm located in Florida. Thanks so much @karlton
Carlton can you please do a video on tax strategy using RV as Airbnb
Great video