The Tax Reform Act of 1993, as amended by the Tax Cuts and Jobs Act of 2017, made the portion of dues paid to organizations spent to lobby State and Federal governments nondeductible for income taxes, and requires that it be disclosed to members.

National Association of REALTORS® (NAR) computes 34% or $51.00 (of the $150.00 per member) to be nondeductible for the member’s income tax due to NAR’s lobbying efforts on behalf of its members. Note that the entire $45.00 Consumer Advertising Campaign special assessment qualifies as fully deductible. In addition, contributions (including member dues) to NAR are not tax deductible as charitable contributions. However, they may be tax deductible under other provisions of the Internal Revenue Code.

Kentucky REALTORS® (KYR) computes 7.93% or $11.50 (of the $145.00 per member) to be nondeductible for the member’s income tax due to KYR’s lobbying efforts on behalf of its members.

Greater Louisville Association of REALTORS® (GLAR) computes 6.47% of $13.07 (of the $202 per member) to be non-deductible for the member’s income tax due to GLAR’s lobbying efforts on behalf of its members. Note that the entire $275.00 for MSI dues and $480.00 for CIE dues are fully deductible.

To access your member Account Activity Report for your GLAR-related business expenses to use when preparing your taxes, please follow the steps below:

1. Go to www.louisvillerealtors.com, select Member Login at the top right of the page, and log in to your member portal.
2. Select “Pay Your Bill"
3. Select “View Paid and Unpaid Invoices"
4. Select “Account Activity Report" at the bottom of the screen.
5. For your “Account Activity Criteria” enter the dates (01/01/23 – 12/31/23), then select submit for your report.

Join us for a LIVE Zoom version of our popular class, Real Property Titled In Estate. This course taught by Cora Henderson covers common issues arising from a real estate transaction involving a trust or estate. Be able to identify the documentation that will be necessary to complete a real estate transaction involving a trust or estate. Know what to expect if you're the buyer's agent in a transaction where the seller is a trust or estate. This course is also being held in-person at GLAR, so if you would like to register for the ZOOM class please be sure to register for the version that says "Zoom Live" before the course title. Check out our other February class offerings below and register on your member portal!

Upcoming Classes:
February 6 (9am-12pm) - Ethics & Law-Not Always the Same, Dennis Stilger
February 8 (9am-4pm) - Kentucky Core, Jenny Fields
February 21 (9am-12pm) - Common Defects & Water Damage, Eric Hay
February 22 (1-4pm) - Flexmls Training, Brittany Nickerson
February 27 (9am-12pm), NEW Class! Real Estate Marketing Tools & Practice, Sarah Gatewood
February 27 (1-4pm), Agency Law in Kentucky, Harry Borders
February 28 (9am-12pm), Real Property Titled In Estate, Cora Henderson (In-person and Zoom Live option)
February 29 (1-4pm), Transaction Desk, Adam Rowe