This bestseller is 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 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.
Spotlight customer reviews:
Customer Rating: Summary: Every Landlord's tax deduction guide Comment: Very informative, especially for the first time landlord. Provides easy to understand language with helpful hints and guides for all of your deductions. Customer Rating: Summary: Nice Information Comment: I want to use my investments as a tax benefit and not get in trouble in the process, this should help with that goal. Customer Rating: Summary: Lots of helpful information...easy to understand Comment: When I bought this book, I had a basic understanding of what tax deductions I could take as a landlord. Reading this book helped me really understand everything in depth, and pick up some deductions I didn't know about.
As a landlord, I think its important to have a solid understanding of how taxes work, even if somebody else does your taxes. This book will give you that knowledge, in an easy to read format. Customer Rating: Summary: Lengthy description for simple things, wasting time reading it. Comment: This book should be reduced by half in size. I have found many repeats, lenthy descriptions for easy-to-understand subjects, and hard to separate important issues from trivia. To be fair, I learned what I need from the book, but spent more than necessary in time and energy to sort out weeds from goods.
I am surprised to find so many positive comments for the book, which make me suspicious to buy other books based on them. Customer Rating: Summary: Comprehensive Explanation of Necessary Information Comment: Although I haven't completed this book it is very comprehensive in explaining and covering the deductions alloweed and recordkeeping required for landlords. I am quite sure my tax man will appreciate the fact that I've studied up and have a working knowledge of the information in this book . For a new landlord it is a must have. Those who have been in the business awhile will also find it helpful.
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