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Updated almost 7 years ago on . Most recent reply

User Stats

20
Posts
6
Votes
Makhwarand Khan
  • Real Estate Agent
  • Somerville, MA
6
Votes |
20
Posts

Writing Off Your Car Purchase

Makhwarand Khan
  • Real Estate Agent
  • Somerville, MA
Posted
Hello people of BiggerPockets, I plan to be a realtor sometime soon. I just learned that realtors are self-employed and file their taxes on a 1099 form. This means I can write off expenses related to my work. Hence, I would like to know that if I were to buy a car with cash upfront for my realtor work, can I write off the whole purchase on my taxes?

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