Product Details
Every Landlord's Tax Deduction Guide

Every Landlord's Tax Deduction Guide
By Stephen Fishman J.D.

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Product Description

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. The 5th edition is completely updated for 2008 returns and reflects the latest tax information and numbers.


  • Product Details

    • Amazon Sales Rank: #15159 in Books
    • Published on: 2008-12-08
    • Original language: English
    • Number of items: 1
    • Binding: Paperback
    • 528 pages

    Features


    Editorial Reviews

    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 )

    "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 20080202)

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

    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."

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


    Customer Reviews

    Just What Every Landlord Needs5
    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.

    Easy to read5
    I'm a beginner landlord and I found this book easy to read and comprehend. Tax books are not the most exciting of reading material, so I'm only 1/4 of the way through it, but I have learned so much from it so far. I bought the book at the end of the year to prepare myself for taxes. I wish I bought it sooner, because there is many deductions that I could have taken. But it's a little late in the year now and the reciepts were trashed, so I loose there. Great book for first timers and I will probably need to refer to this book as I move into the next tax year.

    Every Landlord's Tax Deduction Guide5
    It's very well written for the everyday person. We will now know the right questions to ask our CPA to gain the maximum deductions we're legally entitled to have.