Maximize your tax deductions
Rental real estate provides more tax benefits than almost any other investment. Every Landlord’s Tax Deduction Guide is the only book that focuses exclusively on IRS rules and deductions for landlords.
The book covers the latest tax laws, including changes under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that are particularly beneficial to landlords. Learn about landlord tax classifications, reporting rental income, hiring workers, and depreciation.
Find out how to:
- handle casualty and theft losses
- distinguish between repairs and improvements
- deduct home office, car, travel, and meals
- keep proper tax records and much more.
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 to cover changes under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Table des matières
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
A propos de l’auteur
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. He is a two-time recipient of the Independent Book Publishers Association’s Benjamin Franklin Award.