Can I deduct real estate agent commissions on my taxes?

You generally don’t deduct agent commissions as a separate expense on your tax return, but they do reduce your taxable gain. Commissions and many selling costs are added to your “selling expenses,” which lowers the net sales price used to calculate capital gains. This can help reduce or eliminate the amount of profit subject to tax.

Arthur Yoon

Vice President

EIT, SRS

Redpoint Realty

4221 Wilshire Blvd #130,
Los Angeles, CA 90010, United States

2138002969