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Updated almost 8 years ago on . Most recent reply

User Stats

173
Posts
74
Votes
Maria D'Aura
  • Real Estate Agent
  • Livermore, CA
74
Votes |
173
Posts

Taxes for newly licensed real estate agent

Maria D'Aura
  • Real Estate Agent
  • Livermore, CA
Posted

I got my real estate license in 2016. There were expenses involved such as classes, exam and license fees, association memberships, etc... however I did not earn any money as an agent in 2016. As such, I did not think to include these expenses on my 2016 return, but now I'm questioning that decision. 

Should I go back and amend my return to include this as business expenses or is there a better option like rolling it as startup expenses for 2017?

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