Every Landlord's Tax Deduction Guide

by Stephen Fishman

Overview

Maximize your tax deductions

Rental real estate provides more tax benefits than almost any other investment. Whether you own a ten-unit rental apartment building or rent a room in your home through Airbnb, you need to know about all the valuable deductions you are entitled to take as a landlord. Every Landlord's Tax Deduction Guide is the only book that focuses exclusively on IRS rules and deductions for landlords.

With this book, you will learn about:

• depreciation, casualty and theft losses, start-up expenses, and other common landlord deductions
  
• IRS rules on deducting repairs and improvements
  
• vacation home tax rules, and
  
• proper record keeping and accounting, and much more.
  

The book also covers landlord tax classifications, reporting rental income, hiring workers, and deducting rental losses.

Filled with practical advice and real-world examples, Every Landlord's Tax Deduction Guide will save you money by making sure you owe less to the IRS at tax time.

This edition is updated and revised to cover tax rules for Airbnb-type rentals.

Product Details

ISBN-13:	9781413324679
Publisher:	NOLO
Publication date:	12/14/2017
Sold by:	Barnes & Noble
Format:	eBook
Pages:	528
File size:	5 MB

About the Author

Stephen Fishman has dedicated his career as an attorney and author to writing useful, authoritative, and recognized guides on business, taxation, and intellectual property matters for small businesses, entrepreneurs, independent contractors, and freelancers. He is the author of 20 books and hundreds of articles, and has been quoted in The New York Times, Wall Street Journal, Chicago Tribune, and many other publications. Among his books are Every Landlord’s Tax Deduction Guide, Deduct It! Lower Your Small Business Taxes, and Working for Yourself:Law&Taxes for Independent Contractors, Freelancers&Gig Workers of All Types, published by Nolo.

Table of Contents

1. Tax Deduction Basics for Landlords 2. Landlord Tax Classifications 3. Deducting Your Operating Expenses 4. Repairs 5. Depreciation Basics 6. Maximizing Your Depreciation Deductions 7. Interest 8. Start-Up Expenses 9. The Home Office Deduction 10. Car and Local Transportation Expenses 11. Travel Expenses 12. Hiring Help 13. Casualty and Theft Losses 14. Additional Deductions 15. Vacation Homes 16. Deducting Rental Losses 17. Record Keeping and Accounting 18. All About Schedule E 19. The Net Investment Income Tax Index

What People are Saying About This

Bob Bruss

"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

From the Publisher

"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

"The best of the best.... heavily emphasizes maximizing depreciation deductions." - Chicago Tribune 

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

Editorial Reviews

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

"The best of the best...heavily emphasizes maximizing depreciation deductions." Chicago Tribune

"Named a "Top 10 Real Estate Book" by Robert Bruss, syndicated real estate columnist."

"Updated and revised to cover tax rules for Airbnb-type rentals, Every Landlord's Tax Deduction Guide lives up to its title with practical information and invaluable advice. Chapters walk the reader through how to deduct operating expenses, the basics of depreciation, the home office deduction, hiring help, casualty and theft losses, necessary record- keeping systems, and much more. An index and access to publisher Nolo's website filled with useful legal forms, profiles of landlord-tenant and tax lawyers in one's area, and more round out this absolute "must-have" for all real estate owners." The Midwest Book Review, Wisconsin Bookwatch

From the Publisher

The best part of the book is that it's written in a way that will make the most sense to investors.

Real Estate Matters

The best of the best.... heavily emphasizes maximizing depreciation deductions.

Chicago Tribune

Maximize profits and stay legal: keep Every Landlord's Tax Deductions Guide's latest edition on your desk.

California Bookwatch

Uses many lively examples and charts to make potentially boring topics understandable and interesting.

Boston Globe

Everything a building owner could hope to know on the subject.

Accounting Today

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