2 ways real estate agents can save on driving expenses 
Real Estate Tax Talk
By Stephen Fishman, Friday, July 29, 2011.
Flickr image courtesy of timo_w2s.Most real estate agents and brokers spend a good deal of time behind the wheel of their car. Indeed, it's not uncommon for real estate agents to drive more than 20,000 miles per year for business.
Fortunately, local transportation costs are deductible as business operating expenses if they are ordinary and necessary for your real estate business. Obviously, such expenses are ordinary and necessary for real estate agents and brokers who usually do most of their work away from their office.
It makes no difference what type of transportation you use to make the local trips -- car, SUV, limousine, motorcycle, taxi -- or whether the vehicle you use is owned or leased.
If you drive a car, SUV or van for business (as most real estate agents do), you have two options for deducting your vehicle expenses:
- You can use the standard mileage rate; or
- You can deduct your actual expenses for gas, depreciation and other driving costs.
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