Every Landlord's Tax Deduction Guide

Features

• Cover Type: Paperback with 448 pages
• Published by: NOLO
• Edition: 4th Edition November 15, 2007
• Written in: English
• ISBN 10 Number: 1413307213
• ISBN 13 Number: 978-1413307214
• Book Dimensions: 9 x 6.9 x 1 inches
• Weighs: 1.5 pounds

Product Review
"The best of the best. heavily emphasizes maximizing depreciation deductions." -- Chicago Tribune

"There should be a law requiring every landlord to read this great book. It simplifies the complicated, makes boring tax laws interesting, and offers landlords the major financial incentive of saving tax dollars. On my scale of one to 10, this outstanding book rates an off-the-chart 12." -- Bob Bruss, nationally syndicated columnist

"This book cannot be recommended too highly. explains rental property tax deductions clearly and details how to maximize tax benefits by using 'hidden deductions'" -- Los Angeles Times

"This unusual book makes tax tactics actually interesting, whether you are a novice or a serious full-time investor." -- The Washington Post

"Uses many lively examples and charts to make potentially boring topics understandable and interesting." -- Boston Globe

Product Description
This bestseller is the only book on tax deductions specifically for residential landlords!

Named a "Top ten Real Estate Book" by Robert Bruss, syndicated real estate columnist

If you own rental property, you should be taking advantage of the many tax write-offs available. Every Landlord's Tax Deduction Guide gives residential landlords the plain-English guide they need to save money on taxes -- without the services of a high-priced accounting firm.

This book explains how to maximize your deductions. Find out how to:

fill out IRS Schedule E

take real estate tax credits

figure out if an expense is a repair (deductible) or an improvement (depreciable)

maximize your depreciation deductions

deduct losses arising from real estate ownership

keep proper tax records

deduct home office, travel, casualty losses and much more


Every Landlord's Tax Deduction Guide is comprehensive yet easy to read, jam packed with interesting and relevant examples. The 4th edition is completely updated for 2008 and reflects the latest tax information and numbers.

Reader Reviews
This review is from: Every Landlord's Tax Deduction Guide (Paperback) The only book on tax deductions just for landlords. This is important because the tax laws of the US are so complex that it takes a specialized book (written in plain English) to cover a specialized area like this. For instance, changes in the tax law in 1999 made it easier to take the home office deduction and harder for the IRS to successfully object. BUT the IRS doesn't go out of its way to encourage landlords to take the deduction. Indeed you won't find a single word about it in any IRS publication or form. In this book there is a chapter on just this subject, and it includes such details that as defining when travel from your home office to your rental property is or is not deductible. This is the kind of detail that this book goes into. It is specific to landlords so eliminates all of the other material that is just in the way when you read it. It also includes access to a web site that updates this book with any changes in the law that affect the current edition of the book. Basically this tells you all that you need to know, and it is almost guaranteed to let you find deductions you would otherwise have missed.