Synopses & Reviews
The only book on tax deductions specifically for residential landlords!
Named a ""Top 10 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 pricey accounting firm.
This book explains how to maximize your deductions without drawing the ire of the IRS. 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, and casualty losses
Every Landlord's Tax Deduction Guide is comprehensive yet easy to read and provides interesting real-world examples. This edition is completely updated for 2013 returns and reflects the latest tax information and numbers.
Review
""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
Review
""The best of the best.... heavily emphasizes maximizing depreciation deductions."" Chicago Tribune
Review
"This unusual book makes tax tactics actually interesting, whether you are a novice or a serious full-time investor." Washington Post
About the Author
Stephen Fishman is the author of many Nolo books, most recently Tax Deductions for Professionals. Other titles include Deduct It! Lower Your Small Business Taxes, Every Landlord's Tax Deduction Guide and Home Business Tax Deductions: Keep What You Earn—plus many other legal and business books. He received his law degree from the University of Southern California and after time in government and private practice, became a full-time legal writer.
Table of Contents
1. Your Tax Deduction Companion for Landlords2. Tax Deduction Basics for Landlords3. Landlord Tax Classifications4. Deducting Your Operating Expenses5. Repairs6. Depreciation Basics7. Maximizing Your Depreciation Deductions8. Interest9. Start-Up Expenses10. The Home Office Deduction11. Car and Local Transportation Expenses12. Travel Expenses13. Hiring Help14. Casualty and Theft Losses15. Additional Deductions16. Vacation Homes17. Deducting Rental Losses18. Record Keeping and Accounting19. All About Schedule E20. Claiming Tax Deductions for Prior Years21. Help Beyond This BookIndex