Business

Every Landlord's Tax Deduction Guide

Every Landlord's Tax Deduction Guide

  • Downloads：9389
  • Type：Epub+TxT+PDF+Mobi
  • Create Date：2021-12-27 19:21:49
  • Update Date：2025-09-06
  • Status：finish
  • Author：Stephen Fishman
  • ISBN：B09K2MN1JH
  • Environment：PC/Android/iPhone/iPad/Kindle
  • Download

Summary

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 3rd edition is completely updated for 2007 and reflects the latest tax information and numbers。

Download

Reviews

DA GB ，

This and other books on managing rental property seem to gloss over or ignore the 800 pound gorilla in the room。 That is， a punitive tax system that taxes。。。not profit。。。but cash-flow。 Profit being defined as what you have left after ALL expenses have been paid。 A tax system that encourages debt rather than thrift and savings…short-term fixes rather than long-term solutions…"slum-lording" rather than land-lording…。 and discriminates against older investors。Example: you have a leaking roof on you This and other books on managing rental property seem to gloss over or ignore the 800 pound gorilla in the room。 That is， a punitive tax system that taxes。。。not profit。。。but cash-flow。 Profit being defined as what you have left after ALL expenses have been paid。 A tax system that encourages debt rather than thrift and savings…short-term fixes rather than long-term solutions…"slum-lording" rather than land-lording…。 and discriminates against older investors。Example: you have a leaking roof on your rental house。 It’s an old roof and should be replaced。 You could 1） spend $500。00 and patch it with tar and tar paper， or 2） spend $3，500。00 and have it torn off and a new roof installed。 If you choose option one， you can deduct the entire $500。00 as a repair on this years taxes。 However， if you choose option two， you must depreciate the $3500。00 over 27 ½ years。 Therefore， by doing it the right way。。。the responsible way。。。the long-term way。。。you can only deduct $127。27 from your taxes this year。 Doing it right you are in the hole for 27 ½ years。 Now lets say you are 65 years old to begin with。 What are the chances of you even living to be 92。5 years old？？？ That’s how old you would have to be to realize a return on your $3500。00 investment in this roof。 Not factoring in the depreciating worth of a dollar over time， and ignoring the fact that you may need yet another roof before the 27 ½ years are up。Some things can be depreciated over shorter times， but it all has the same effect。 And consider that the government still taxes you as if that roof only cost you $127。27。 Even though you took $3500。00 out of your pocket， the government only lets you put $127。27 back in before paying taxes on the rest。 That is why rental property always looks so much worse than property occupied by the owner。 And that is why there are so many “slum-lords” out there。 。。。more

Edward Simmons ，

Great insight！ Very well documented and detailed！ Excellent author！

Derek ，

I am not sure what the going rate for gold is but I feel safe in stating the old cliche about this book being worth its weight。 Even if you have your accountant file your taxes for you there are some thing they might not be aware of or strategies that you can take throughout the year to better your position come tax season。 Taxes can be a little dry and while this book may not cater to the engrossing stories that others might try to use to combat that fact， it successfully counters by providing I am not sure what the going rate for gold is but I feel safe in stating the old cliche about this book being worth its weight。 Even if you have your accountant file your taxes for you there are some thing they might not be aware of or strategies that you can take throughout the year to better your position come tax season。 Taxes can be a little dry and while this book may not cater to the engrossing stories that others might try to use to combat that fact， it successfully counters by providing densely packed information useful to both the current and prospective landlord。I could not have been happier with this purchase and will continue to use this book as a reference as I prepare my taxes and maintain and plan my rental business。 The one caveat is that a new version may be required to account for recent changes in the tax code but this is money I am more than willing to spend。 。。。more

Nancy Carr ，

Of course， this is a dry read， but helpful if you own investment properties to keep yourself legal to take as many deductions as legally possible。

M ，

useful

Cheryl ，

I am still working may way through this book。 While it is a dry subject， I have found the book very informative， nicely organized， and well-written。 I now feel much more knowledgeable on the subject of landlord tax deductions and will be able to make better decisions and be more prepared for tax season。 Buying this book was money well spent。

Jackie ，

Yes， I'm giving a tax book 5 stars。 Possibly because it gave me a sense of reassurance， rather than because it was well written or had any spectacular qualities。 Also， none of the other land-lording books I read gave any passing thought to tax deductions， and I learned that they are a HUGE part of the land-lording bottom line。 I'm kind of in a state of shock at how mislead I was by some other texts regarding that completely ignore taxes with "see your tax professional"， while nickle and dime-ing Yes， I'm giving a tax book 5 stars。 Possibly because it gave me a sense of reassurance， rather than because it was well written or had any spectacular qualities。 Also， none of the other land-lording books I read gave any passing thought to tax deductions， and I learned that they are a HUGE part of the land-lording bottom line。 I'm kind of in a state of shock at how mislead I was by some other texts regarding that completely ignore taxes with "see your tax professional"， while nickle and dime-ing other factors。 。。。more

Kevin ，

THIS BOOK WAS A LAUGH RIOT。 LAUGH OUT LOUD FUNNY FROM BEGINNING TO END。 I BUSTED A GUT LAUGHING。No it wasn't。 But there was some good info in there， presented well。 It should carry the subtitle: More Reasons You Should Hate Your Landlord， That Sniveling Shylock， Him And His Big Fat Tax Shelter。 THIS BOOK WAS A LAUGH RIOT。 LAUGH OUT LOUD FUNNY FROM BEGINNING TO END。 I BUSTED A GUT LAUGHING。No it wasn't。 But there was some good info in there， presented well。 It should carry the subtitle: More Reasons You Should Hate Your Landlord， That Sniveling Shylock， Him And His Big Fat Tax Shelter。 。。。more

Reference

google book https://www.google.com/search?tbm=bks&q=Every Landlord's Tax Deduction Guide

hathitrust digital library https://babel.hathitrust.org/cgi/ls?q1=Every Landlord's Tax Deduction Guide&field1=ocr&a=srchls&ft=ft&lmt=ft

The British Library https://bll01.primo.exlibrisgroup.com/discovery/search?query=any,contains,Every Landlord's Tax Deduction Guide&tab=LibraryCatalog&search_scope=Not_BL_Suppress&vid=44BL_INST:BLL01&lang=en&offset=0