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Updated about 3 years ago,

User Stats

25
Posts
23
Votes
Harry McNamara
  • Real Estate Agent
  • Hudson Valley and Catskills, NY
23
Votes |
25
Posts

How many Real Estate Agents are filing as S-Corp?

Harry McNamara
  • Real Estate Agent
  • Hudson Valley and Catskills, NY
Posted

My wife and I are a team of agents, and with the new year beginning, I'm looking into creating an S-Corp for our finances. I'm aware of the pass-through structure and how it might work, but I'm curious: How many of you other BP realtors are using this tax structure, and at what level of income would you consider it to be advantageous? We are in NY, and will probably make 80-100k in commissions this year if that helps

I'd like to make one of our cars the dedicated "work" car, and be able to itemize more deductions. Anyone else have thoughts on leveraging this tax status?

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