Tax-time tips for real estate agents 

Tax forms image via Shutterstock.

Q: I have passed my real estate salesperson test and will be become an "active" agent with a local brokerage in January. I am unsure of how I am supposed to report my future income. I currently work at a "normal" job where I receive a weekly paycheck where federal tax, state tax, and social security are withheld for me.

As a real estate agent, I will have my own business expenses and (hopefully!) large commission checks with no taxes withheld. How do I handle this? When and how do I report? --Anonymous

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year

Buy Now

Advertise with Inman

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.