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NAR membership dues may be deductible as an ordinary and necessary business expense. NCAR dues attributable to lobbying expenses are not deductible. The remainder of NCAR dues may be deductible.
NAR dues may be deductible as an ordinary and necessary business expense. NAR lobbying dues are NOT deductible for income tax purposes. The remainder of NAR dues may be deductible.
NAR also assesses a mandatory fee of $35 to all REALTOR® members. This fee funds a nationwide public awareness image campaign that includes network and cable ads highlighting the value a REALTOR® brings to a transaction and stressing the importance of using a REALTOR®. The entire amount of this assessment qualifies as deductible as business expenses.
If you have any questions, please consult your business tax advisor
©2013 Pinehurst-Southern Pines Area association of REALTORS®550 S. Ashe St., Southern Pines, NC 28387 Office: (910) 692-8988 | Fax: (910) 692-1609 | Contact Us |
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