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Old 10-08-2007, 09:44 AM
 
1 posts, read 2,562 times
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when you close a commercial purchase, does your broker deduct the taxes and then pay you? or, the broker gives you your hole commission and then you deduct the taxes when is the due date?
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Old 10-08-2007, 10:23 AM
 
Location: Helotes, TX
469 posts, read 2,342,269 times
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You pay your own taxes, it makes it so the you are more of a private contractor.
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Old 10-08-2007, 10:29 AM
 
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ALWAYS set aside at least 20% of your commissions for the end of the year. Probably more. Tax season takes out a ton of agents that can't successfully handle their money.
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