Your commission is not your take-home
Part of every closing may need to be set aside for income and self-employment taxes.
Track commissions, splits, mileage, and marketing costs, keep every closing organized, and prepare your tax return with AI and tax professional review. All in one plan.
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Real estate is a commission business, and commissions arrive with nothing withheld. Your brokerage reports your split on a 1099-NEC, and the costs of doing deals, splits, desk fees, marketing, and mileage at 72.5 cents a mile through June and 76 cents after, are what turn a large gross commission into a much smaller taxable profit. Above roughly $50,000 in net commissions, an S corporation election is often the biggest single move available, and it is worth a real evaluation.
Each platform handles pay, fees, and tax documents differently. Pick yours for guidance shaped around the way you earn.
If you earn 1099 or other non-W-2 income, the same core tools can help you understand your forms, estimate taxes, and identify potential deductions.
Part of every closing may need to be set aside for income and self-employment taxes.
Commission income may still need to be reported even before your 1099 arrives.
Brokerage splits, desk fees, and marketing costs can create a lot of records to track per deal.
Your overall tax situation may require estimated payments during the year.
One plan for commissions, brokerage fees, marketing costs, and your return.
Tap a step to see how it works.
Splits and desk fees you paid your brokerage can generally be reported as business expenses, so you aren’t taxed on money you never kept. Bring your brokerage statements and we’ll match them up.
Splits and desk fees you paid your brokerage can generally be reported as business expenses, so you aren’t taxed on money you never kept. Bring your brokerage statements and we’ll match them up.
Tap a category. See what could be worth reviewing with a tax expert.
Driving to showings, open houses, and closings? Business mileage or eligible vehicle costs may be worth reviewing.
A mileage log with dates and destinations makes this much easier to support.
Desk fees, transaction fees, and other charges your brokerage bills you may be worth reviewing.
Check whether your 1099 reports commission before or after the split.
Listing photos, signs, ads, and client gifts used to win business may be worth reviewing.
Client gifts have tight limits, so keep a record of who received what.
License renewals, MLS access, and association dues may be worth reviewing.
Keep the invoices. Renewal cycles make these easy to miss.
CRM, e-signature, transaction management, and showing apps may be worth reviewing.
Keep the billing history that shows what each subscription is for.
Errors and omissions coverage protects your business, and its premiums may be worth reviewing.
Keep the policy invoice, especially if your brokerage bills it to you.

Tax pros who know commission income
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Also included: onboarding call + tax checkup, filing deadline reminders, and a complimentary tax extension request.
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Amounts your brokerage keeps or bills you are generally business costs, how they show up depends on how your 1099 was cut.
Costs of marketing a listing are generally business expenses. Keep them tied to the deal.
Commission income has no withholding, so estimated payments often apply. Plan per closing, not per April.
Plain-language guides on commission income, desk fees, and keeping more of every closing.

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