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Old 04-16-2013, 06:59 PM
 
439 posts, read 958,145 times
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Evening..I am currently investigating enrolling in Real Estate School for June 2013. My husband and I are at odds about me pursuing this do to a potential large tax bill for us 2013. I purposely delayed getting licensed knowing that we do not need income now but write offs. He is stating that most likely I will not be able to write off more than .30 cents on the dollar. So all my costs to get started, office fee's etc would put me in the hole more than we are now. I think he is wrong. Granted I will not be making a bunch just breaking into the market past mid year however I still will be able to recover a majority of my costs wouldn't I for 2013 tax year. My friend whom has been in the business for over 5 years stated that you get almost all your costs back including mileage on your vehicle. Oh course you have to claim your commissions but mine I am anticipating for my first season will not be huge. I am an ex banker so keeping good records will not be a problem. Thank you in advance for any words of wisdom
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