Every Landlord's Tax Deduction Guide
| Author | : | |
| Rating | : | 4.95 (975 Votes) |
| Asin | : | 1413321143 |
| Format Type | : | paperback |
| Number of Pages | : | 536 Pages |
| Publish Date | : | 2014-09-05 |
| Language | : | English |
DESCRIPTION:
On my scale of one to 10, this outstanding book rates an off-the-chart 12." Bob Bruss, nationally syndicated columnist "The best of the best. It simplifies the complicated, makes boring tax laws interesting, and offers landlords the major financial incentive of saving tax dollars. heavily emphasizes maximizing depreciation deductions." Chicago Tribune . "There should be a law requiring every landlord to read this great book
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. 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. Find out how to: fill out IRS Schedule Etake real estate tax creditsfigure out if an expense is a repair (deductible) or an improvement (depreciable)maximize your depreciation deductionsdeduct losses arising from real estate ownershipkeep proper tax recordsdeduct h
NEW IRS RULES you should know for 2014 to save money Yuko W I got this book as a tax guide for our rental home business. Especially I wanted to know about New IRS Rules: Repairs vs. Improvement. This book explains well about the rules, and gives great examples. SHST(safe harbor small taxpayers)is one of best thing you should know if you are a landlord(small business) Before this new rule, you have to depreciate the cost of building related replacement (say, water heater) over 27.5years since it is considered as improvement to the building. But for 2014 tax year, you can deduct the expense as repair, if it falls within safe harbor rule. One thing I noticed that there are. "Invaluable source" according to Nancy Hughes. Have used this Guide for over ten years and found it invaluable. Did everything the book said to do re: record keeping, hours spent, etc., so my IRS audit went very smoothly, no changes. Buying it again this year to keep up.. Allyce P. Silva said Five Stars. Thorough and written to be clearly understood. As a first-time landlord, I feel well-prepared.