Should I have a seperate checking account for my real estate income?

Question

I am a full time sales agent and I have a part time job. Is it crucial that I keep the income from the two seperate?

Answer 1

i don't think so ,but it's up to you.

Answer 2

i would, for tax purposes--especially if you are/will be taking tax deductions as a business expense. It's a bit of a pain (having two accounts) but it will make things easier when you do next years taxes.