Important Tax Tips for Realtors You Can’t Afford to Miss

by | Nov 25, 2023 | Qualified Retirement Plan | 19 comments

Important Tax Tips for Realtors You Can’t Afford to Miss




▶ ▶ ▶ WANT ME AS YOUR COACH?
Schedule a One-on-One consultation here:

▶ Reverse Selling Audiobook:

▶ REAL ESTATE LEAD GENERATION
Download My Script book:
Vulcan 7:
Absentee Owner Leads:
Mailbox Power/Banner Season:
Bomb Bomb Video Email:
Divorce Real Estate Training:
Real Estate Agent Business Plan:
Reverse Selling Audiobook:

▶ FOLLOW BRANDON
Youtube:
Instagram:
Facebook:
Website:
Podcast:
Book:

▶ KEEP 100% OF YOUR COMMISSION
Brookstone Realtors:

▶ ABOUT BRANDON MULRENIN
Brandon is a real estate broker in Michigan and is the CEO of Brookstone Realtors. Real estate coaching is Brandon’s passion. He teaches real estate agents at his company and around the country how to get listings using his reverse selling lead generation system. His mission is to teach real estate agents how to sell without being salesy, he calls it reverse selling.

▶ MY GEAR
✔️Camera:
✔️Lens:
✔️Lighting:
✔️Microphone:
✔️Computer:

Note this description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in NO WAY obligated to use these links. Thank you for your support….(read more)


LEARN MORE ABOUT: Qualified Retirement Plans

REVEALED: How To Invest During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing


As a realtor, filing taxes can be a complex and time-consuming process. However, there are certain things that every realtor should be aware of before they start the process. One valuable resource that can help realtors navigate the intricacies of tax filing is a video series titled “Every Realtor Should Watch This Before Filing Their Taxes”.

See also  "Quickly learn the TOP 10 Tips for Saving for Your Child's Education"

This series covers a wide range of tax-related topics that are specifically relevant to real estate professionals. From deductions and expenses to understanding the implications of capital gains and losses, these videos provide realtors with a comprehensive understanding of their tax obligations.

One important aspect of tax filing for realtors is understanding what expenses are considered deductible. This series delves into the various expenses that can be deducted, such as advertising and marketing costs, office supplies, and professional fees. By understanding what can and cannot be included as deductible expenses, realtors can optimize their tax filings and minimize their tax liabilities.

Another key topic covered in the series is the implications of capital gains and losses on real estate transactions. This is particularly pertinent for realtors who frequently engage in buying and selling properties. By understanding how capital gains are taxed and how losses can be used to offset gains, realtors can better plan their transactions to minimize their tax burden.

Additionally, the series provides insights into the different tax structures that realtors can use to maximize their tax benefits. From understanding the advantages of incorporating as a real estate professional to utilizing retirement accounts for tax-deferred savings, this series offers practical advice for realtors to optimize their tax strategies.

Finally, the series addresses the importance of record-keeping and staying organized throughout the year to facilitate the tax filing process. By maintaining accurate and complete records of income and expenses, realtors can streamline the tax filing process and minimize the risk of errors or omissions.

See also  Exploring 5 Charitable Giving Strategies for Wealthy Individuals

In conclusion, “Every Realtor Should Watch This Before Filing Their Taxes” is a valuable resource that every realtor should take advantage of. By understanding the intricacies of tax filing and being aware of the tax implications of their real estate transactions, realtors can optimize their tax strategies and minimize their tax liabilities. Whether you are a seasoned realtor or just starting out in the industry, this series is a must-watch to ensure that you are fully informed when it comes to filing your taxes.

Truth about Gold
You May Also Like

19 Comments

  1. Sonny Lee

    yes

  2. cathy walter

    Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly..

  3. Jenna Peters

    Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account.

  4. Develop Success

    Where can we find his info please?

  5. guitar911rock

    where is the tax guys info? odd brandon not sharing in description

  6. Chris Charido

    Brandon any suggestions on a high yield interest account for businesses? These banks offering 0.01% is such a waste.

  7. Cash flow

    HAHAHA! You need to do an hour long video with a BANKRUPTCY ATTORNEY. The days of being a realtor are over. Buyers agents were just the first shoe to drop sellers agents are next. NAR is going to be filing for bankruptcy along side with all the RE agents. The last thing anyone should be doing is getting tax advice regarding commissions from real estate. Realtors are a dying industry it’s like trying to sell fax machines

  8. Vilma Vanoverbeck

    Please. Make a video for the new realtors that just got their license in 2023?

  9. Holly Dentry

    Awesome Video!! Thanks Brandon and Joe!!❤

  10. C Moreno

    Great video so informative. Thank you much appreciated.

  11. Hugh Hill

    What is his office number? Please

  12. sothear kim

    I'm need hire this guy !

  13. Scott V

    This is gold!

  14. Dee Doonan

    This was awesome

  15. gjack916

    This was awesome! Thank you Brandon for all that you do for us!!!

  16. Diana's Reviews

    These tax saving videos are so helpful!

  17. Ben Ryalls

    Lot of money left on the table…

U.S. National Debt

The current U.S. national debt:
$35,350,842,310,771

Source

ben stein recessions & depressions

Retirement Age Calculator

  Original Size