Is Premium a tax deductible expense?

http://support.resaas.com/hc/en-us/articles/204882180-Is-Premium-a-tax-deductible-expense-

It is our understanding that agents and brokers can claim their RESAAS subscription as a tax deductible expense as it is a software relating to the sales and marketing of their business.

(All comments are based on the United States and Canada)

Q: What can you deduct as a real estate professional?

• Mileage
• Meals
• Entertainment
• Home office
• Business gifts
• Travel related expenses
• Tools
• Cell phone
• Auto expenses
• Office supplies
• Office equipment
• Website fees / domain expenses

Why does RESAAS qualify as a tax deductible expense?

RESAAS would be a deductible expense because it is a tool being utilized to facilitate your business.

In which countries does this apply as a tax deductible expense?

US & Canada – May be deductible in other countries – please speak with your tax professional.

Tax Tips for REALTORS®

1. Deduct all business related travel – Get the Equivalent of Free Gas for Your Car (See A. below)
2. Deduct meals – Meals that make you money (See B. below)
3. Deduct entertainment – Double your fun with entertainment deductions (See C. below)
4. Deduct your home office – A Tax Deduction Goldmine (see D. below)
5. Deduct your business gifts – Give gifts at discount prices (see E. below)

Helpful resources from TAXBot:

• A. http://resa.as/fug7ycp
• B. http://resa.as/wfw9mtc
• C. http://resa.as/ai95tpc
• D. http://resa.as/pehym6b
• E. http://resa.as/ope8dnw

* As a RESAAS Member you have access to the RESAAS Marketplace at 50% off!

To access the RESAAS Marketplace, log in to your RESAAS account and click on the Three Lind box in the top right corner and Marketplace in the drop down menu.