IRS insider Sandy Botkin reveals the tax strategies you can use to increase your ROIs by as much as 20 percent-whether you're a home owner or a real estate investor. This accessible guide demystifies real estate taxes and shows how to achieve maximum benefit when buying, owning, selling, managing, repairing, and investing in properties.
- Features numerous forms, charts, sample documents, and other valuable tax-saving tools
- Gives you the basics on real estate taxes and shows how to take full advantage of tax loopholes
Inhaltsverzeichnis
Part I - Overview of Real EstateChapter I: Why Everyone in America Should Own Their Home Chapter II: Buy a Home or Die in Poverty Part II - Tax Goodies from Owning a HomeChapter III: Tax Basis - the Starting Place for All DeductionsChapter IV: IRS Record-Keeping Requirements to Bullet-Proof Your BasisChapter V: Why Making Improvements to Your Home is Much More Valuable than Making RepairsChapter VI: Maximizing the New Mortgage Interest RulesChapter VII: The Point of PointsChapter VIII: Maximizing Your Deductions when Building a Home Chapter IX: Maximizing the Effect of Real Estate TaxesPart III - Maximizing Tax Benefits when You Dispose of Your HomeChapter X: Excluding Gain when You Sell Your Home - an Overview to the New Universal ExclusionChapter XI: Exceptions to the Two-Year RuleChapter XII: Divorce and Death Implications Chapter XIII: Using an S Corporation to Avoid the Two-Year RulePart IV - Introduction to Tax Planning for Buying andLooking for Rental PropertyChapter XIV: Introduction to Investment PropertyChapter XV: Understanding DepreciationChapter XVI: How to Evaluate Rates of Return for Residential Investment PropertyChapter XVII: How to Deduct the Cost of Looking for Property Part V - Tax Goodies Incurred while Owning Rental PropertyChapter XVIII: Minimizing Passive Loss Problems Chapter XIX: Maximizing Your Depreciation DeductionsChapter XX: Making Land DeductibleChapter XXI: Income Splitting by Hiring Family MembersChapter XXII: Why Repairs on Investment Property are Important Part VI - Minimizing Taxes when Disposing of Real EstateChapter XXIII: How to Calculate Gain or LossChapter XXIV: When to Use Seller FinancingChapter XXV: How to Avoid All Gain on the Sale of Investment Property Using Like-Kind ExchangesChapter XXVI: Sales to RelativesPart VII - Miscellaneous Real Estate Tax Considerations Chapter XXVII: Understanding Vacation Home and Second Home RulesChapter XXVIII: Understanding the Benefits of "Mom and Dad" Motels, Owning Bed and Breakfasts, and Converting Rental Property to a Hotel ClassificationChapter XXIX: Frequently Asked Questions Appendix
