Tax Write-Offs For Real Estate Agents and Brokers in 2021

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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.

Опубликовано:

26 июл 2024

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Комментарии : 71

@karltondennis 3 года назад

What tax strategy will you use as a real estate agent or broker?

@Joseph.Esqueda 2 года назад

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!

@danas.8977 Год назад

Joseph, you can amend your taxes from the past 3 years and still take those mileage deductions!

@shantaeholland5939 Год назад

I’m glad that l came across your channel Karlton! Thanks for sharing this awesome content. 😊

@washan_the_realtor Год назад

You are Elite!! One of a kind. So glad I found your channel!!!!

@nickkkk495 Год назад

Seriously this is awesome content! Thanks for sharing !!!

@persicon_jl 2 года назад

Amazing my man. Great info.

@meghanfreckleton-hopkins5701 2 года назад

Great video! Will have to learn more about this Agusta Rule Strategy and the 179... Thank you!

@lida.rosas. Год назад

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 🤘🤘

@That_Cyber_Dude 2 года назад

Well done sir!!

@CalSellsRaleigh 3 года назад

Another great video

@KLander03 2 года назад

Appreciate this video!

@themillers901 Год назад

Fantastic info! Thank you

@catd1190 2 года назад

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!

@superjeffstanton 3 года назад

Real nice Info man!

@billanderson3866 Год назад

Great Delivery!

@anil-vh1xf 3 года назад

That was good! Your smile while talking

@karltondennis 3 года назад

Thanks

@jayewood2524 2 года назад

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.

@timekr 2 года назад

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?

@kclark91197 2 года назад

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.

@Cardroid 3 года назад

Thanks for the white board.. this really helps!

@wardy5078 3 года назад

I get my real estate salesperson license in 2 weeks so this will come in handy! 👍👍

@queenelizabeth7387 3 года назад

Whats your best study strategy

@karltondennis 3 года назад

Nice!

@wardy5078 3 года назад

@@queenelizabeth7387 I'm just writing out a bunch of vocabulary flashcards and having either friends or family quiz me on them👍👍

@Jahguaar 2 года назад

I am committed to self-development & thriving.

@nickkkk495 Год назад

Great video

@melmelstar7604 2 года назад

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

@notlisteningwhocares8877 Год назад

Thanks brother .

@desigirl9707 Год назад

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.

@Blah678 Год назад

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?

@qmccall0328 3 года назад

My CPA was trash - and fired him. I need a guy like this on my business team.

@karltondennis 3 года назад

Check out the links in the description to set up a consultation with myself or my team.

@rodinymoise8248 Год назад

Carlton can you please do a video on tax strategy using RV as Airbnb

@kalanietran4202 Год назад

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?

@chase_vaseleou 3 года назад

Huge fan of the recent vids! Do an influencer tax strategy video! RU-vidrs, IG, TikTokers need insight.

@karltondennis 3 года назад

I have a write-offs for youtubers, you should check it out! Got more videos coming though.

@chase_vaseleou 3 года назад

@@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.

@MrCristianperez5 2 года назад

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

@georgelokko4333 3 года назад

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

@karltondennis 3 года назад

Check out some of my similar videos, but got more on these coming soon!

@SmaySon 3 года назад

just subscribed. Licensed realtor in PA myself

@melmelstar7604 2 года назад

Im also a realtor in PA! trying to learn how to not get so hammered on taxes. lol

@SmaySon 2 года назад

@@melmelstar7604 I hear that hahaha

@shantaeholland5939 Год назад

How did you get licensed in all 50 states?

@JalenP. 3 года назад

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?

@ropicllcoffical9610 3 года назад

@Karlton Dennis do forex/day trading tax strategies

@karltondennis 3 года назад

Check out some of my other videos for similar strategies, but I've got more videos coming.

@Swipe-daddy 3 года назад

Are mls, desk fee and union dues deductible

@shadidmack 3 года назад

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

@analeeromero2762 Год назад

Do you have the info in notes or a printable guide?

@kawikasmith4089 3 года назад

You're amazing man! How do I get you to talk and work for me?

@LivinginCoachellaValley Год назад

I'm a new agent in California, what do I need to do to set myself up as a sole proprietorship?

@scchung972 Год назад

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

@NickCardenasRealEstate 2 года назад

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?

@riverafloridahomes 2 года назад

Do you guys work with realtors in Florida?

@aglifestylevlog Год назад

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

@micahhenn9441 2 года назад

What phone stand is that

@InvestAndGrow2020 3 года назад

I like him

@karltondennis 3 года назад

Thanks

@Truth24434 Год назад

Can you recommend anyone in California?

@tashajones2427 2 года назад

👍

@500KLA 2 месяца назад

😊

@notlisteningwhocares8877 Год назад

Thank God Texas doesn’t have state taxes !

@chrisfrieberg7720 25 дней назад

Great info! How can I find a tax strategist in my local area? Or do you work via zoom?

@SHAWANABOYER Год назад

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