Any Accountants to answer a question..?

I 'heard' that if one is a real estate agent, it is technically an independent contractor, if so, does that mean the gas, clothes, donuts, etc...a real estate spends money to do their work to show a house, to drive people to homes, can this all be written off on the year taxes and you can get the money back? Please explain...

Thank you.

If you are paid as a 1099 contractor...there are expenses that you can deduct as business expenses but you are also responsible for additional taxes such as the employer's portion of social security tax. I would consult with a good accountant. Here is a link to the IRS that you might find helpful.


IRS