Brokers what do you write off in taxes?
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[{"id": "e0foz5f", "text": "This is certainly a question for your CPA. But I can tell you that from my experience you can likely write off the laptop. You can usually write off the cell phone (and the monthly service plan) at what proportion you use it for your business. I don\u2019t believe there is a limit for mileage write off, but you need to make sure you are logging your trips and that they are business mileage. Your commute to and from your office does not count. \n\nFrom my experience, I have also been able to write off subscription dues, conference dues, marketing costs, business related meals (only 50% though), and a host of other items. \n\nTALK TO A CPA. ", "replies": [{"id": "e0fp2b5", "text": "I plan on meeting with a CPA. Thank you for the input though.", "replies": [], "depth": 2}], "depth": 1}, {"id": "e0fp4gz", "text": "Was broker, not in Texas though.  That said, your laptop you should be able to along with mileage, dry cleaning for suits, cell phone, etc.\n\nBut honestly you should talk to a CPA or whoever does your taxes.  You don\u2019t want to fuck up with your taxes, so paying a fee to make sure they are right, especially since you\u2019ll be deducting a lot of items is worth it IMO.\n\nThat said, with the new tax laws, for most people itemized reductions maybe aren\u2019t as beneficial, but since you\u2019re 1099, I don\u2019t think asking brokers on the Reddit what can, and can\u2019t be deducted is the best way to figure out your tax situation.", "replies": [{"id": "e0fq4wb", "text": "Obviously, let\u2019s get real here. Everything you read on Reddit you should be taking with a grain of salt. Just good to get an idea and have more questions to ask a CPA when I sit down with him or her. ", "replies": [{"id": "e0g1ypd", "text": "Thanks.  You make me not want to respond.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "e0jlrjc", "text": "Here are the categories you should be using:\n\n* Advertising and Promotion\n* Automobile Expense\n Auto Repairs &amp; Maint.\n Gas Expense\n Parking &amp; Tolls\n* Bank Service Charges\n* Computer and Internet Expenses\n* Continuing Education\n* Donations\n* Dues and Subscriptions\n* Licenses &amp; Permits\n* Meals and Entertainment\n* Miscellaneous Expense (avoid)\n* Networking Expense\n* Office Expense\n* Office Supplies\n* Payroll Expenses\n*  Officer Salaries\n*  Payroll Taxes\n* Professional Fees\n\nI would also recommend incorporating yourself. ", "replies": [], "depth": 1}]