Real Estate Tax Secrets of the Rich

Sandy Botkin (Autor)

Buch | Softcover

240 Seiten

2006
McGraw-Hill Professional (Verlag)
978-0-07-147235-7 (ISBN)

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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 guide shows how to achieve maximum benefit when buying, owning, selling, managing, repairing, and investing in properties. It features forms, charts, sample documents, and other tax-saving tools.

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 toolsGives you the basics on real estate taxes and shows how to take full advantage of tax loopholes

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

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 Home

Chapter III:

Tax Basis - the Starting Place for All Deductions

Chapter IV:

IRS Record-Keeping Requirements to Bullet-Proof Your Basis

Chapter V:

Why Making Improvements to Your Home is Much More Valuable than Making Repairs

Chapter VI:

Maximizing the New Mortgage Interest Rules

Chapter VII:

The Point of Points

Chapter VIII:

Maximizing Your Deductions when Building a Home

Chapter IX:

Maximizing the Effect of Real Estate Taxes

Part III - Maximizing Tax Benefits when You Dispose of Your Home

Chapter X:

Excluding Gain when You Sell Your Home - an Overview to the New Universal Exclusion

Chapter XI:

Exceptions to the Two-Year Rule

Chapter XII:

Divorce and Death Implications

Chapter XIII:

Using an S Corporation to Avoid the Two-Year Rule

Part IV - Introduction to Tax Planning for Buying andLooking for Rental Property

Chapter XIV:

Introduction to Investment Property

Chapter XV:

Understanding Depreciation

Chapter XVI:

How to Evaluate Rates of Return for Residential Investment Property

Chapter XVII:

How to Deduct the Cost of Looking for Property

Part V - Tax Goodies Incurred while Owning Rental Property

Chapter XVIII:

Minimizing Passive Loss Problems

Chapter XIX:

Maximizing Your Depreciation Deductions

Chapter XX:

Making Land Deductible

Chapter XXI:

Income Splitting by Hiring Family Members

Chapter XXII:

Why Repairs on Investment Property are Important

Part VI - Minimizing Taxes when Disposing of Real Estate

Chapter XXIII:

How to Calculate Gain or Loss

Chapter XXIV:

When to Use Seller Financing

Chapter XXV:

How to Avoid All Gain on the Sale of Investment Property Using Like-Kind Exchanges

Chapter XXVI:

Sales to Relatives

Part VII - Miscellaneous Real Estate Tax Considerations

Chapter XXVII:

Understanding Vacation Home and Second Home Rules

Chapter XXVIII:

Understanding the Benefits of “Mom and Dad” Motels, Owning Bed and Breakfasts, and Converting Rental Property to a Hotel Classification

Chapter XXIX:

Frequently Asked Questions

Appendix

Erscheint lt. Verlag	16.11.2006
Sprache	englisch
Maße	183 x 229 mm
Gewicht	424 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management
ISBN-10	0-07-147235-5 / 0071472355
ISBN-13	978-0-07-147235-7 / 9780071472357
Zustand	Neuware