steven5477
New Contributor
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Value/Post Ratio
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- Dec 14, 2012
- 9
- 1
I'm 26, a new real estate agent, just doing this a little more than 2 years. before i never think about the tax problem.
First year, I only make 20k commission, barely survive,
second year, I make 60k commissions, end of 2012 i start to do commercial
third year, if all these deals go well, at the end i will make more than 200k commission, and 2013 not even start, i don't even know how much tax i would get at the end of 2013.
so here is my question:
1, as a real estate agent, can i open my own LLC or Corp, everytime i make a sales, my broker instead paying me commission, she pays to my company?
2, If my company has 300k income a year, how to use this pre-tax money to buy real estate so i dont have to face big tax at the end.
please help and give a little advise
thanks
First year, I only make 20k commission, barely survive,
second year, I make 60k commissions, end of 2012 i start to do commercial
third year, if all these deals go well, at the end i will make more than 200k commission, and 2013 not even start, i don't even know how much tax i would get at the end of 2013.
so here is my question:
1, as a real estate agent, can i open my own LLC or Corp, everytime i make a sales, my broker instead paying me commission, she pays to my company?
2, If my company has 300k income a year, how to use this pre-tax money to buy real estate so i dont have to face big tax at the end.
please help and give a little advise
thanks
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