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 from the United States and Canada)
Information pulled from:
What can you deduct as a real estate professional?
- Home office
- Business gifts
- Travel related expenses
- 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 (if located in another Country please speak to your tax professional).
* As a RESAAS Member you have access to the RESAAS Marketplace at 50% off!
To access the RESAAS Marketplace, please follow the steps below:
- Log in to your RESAAS account
- Click Settings
- Click Marketplace