Every Landlord's Tax Deduction Guide · 6th Edition by Fishman, Stephen -- Read -- Imperial Library of Trantor

Index

Products & Services The Trusted Name (but don’t take our word for it) The Story Title Page Copyright Page Acknowledgements Your Tax Deduction Companion for Landlords CHAPTER 1 - Tax Deduction Basics for Landlords

How Landlords Are Taxed How Income Tax Deductions Work How Property Ownership Affects Taxes The IRS and the Landlord

CHAPTER 2 - Landlord Tax Classifications

The Landlord Tax Categories Business Owner Versus Investor Are You Profit Motivated? Real Estate Dealers

CHAPTER 3 - Deducting Your Operating Expenses

Requirements for Deducting Operating Expenses Operating Expenses That Are Not Deductible

CHAPTER 4 - Repairs

Repair Versus Improvement The General Plan of Improvement Rule: A Trap for the Unwary How to Deduct Repairs Tips for Maximizing Your Repair Deductions

CHAPTER 5 - Depreciation Basics

Depreciation: The Landlord’s Best Tax Break Understanding the Basics How to Depreciate Buildings Depreciating Land Improvements Depreciating Personal Property When You Sell Your Property Tax Reporting and Record Keeping for Depreciation

CHAPTER 6 - Maximizing Your Depreciation Deductions

Determining the Value of Your Land and Buildings Segmented Depreciation

CHAPTER 7 - Interest

Interest Landlords Can (and Can’t) Deduct Mortgage Interest Other Interest Expenses Points and Prepaid Interest Interest on Construction Loans Loans With Low or No Interest Loans on Rental Property Used for Nonrental Purposes Keeping Track of Borrowed Money

CHAPTER 8 - Start-Up Expenses

What Are Start-Up Expenses? Determining Your Business Start Date Avoiding the Start-Up Rule’s Bite How to Deduct Start-Up Expenses If Your Business Doesn’t Last 15 Years If Your Business Never Begins

CHAPTER 9 - The Home Office Deduction

Qualifying for the Home Office Deduction Calculating the Home Office Deduction IRS Reporting Requirements Audit-Proofing Your Home Office Deduction Deducting an Outside Office

CHAPTER 10 - Car and Local Transportation Expenses

Deductible Local Transportation Expenses The Standard Mileage Rate The Actual Expense Method Other Local Transportation Expenses Reporting Transportation Expenses on Your Tax Return

CHAPTER 11 - Travel Expenses

What Are Travel Expenses? Deductible Travel Expenses How Much You Can Deduct Maximizing Your Travel Deductions

CHAPTER 12 - Hiring Help

Deducting Payments to Workers Employees Versus Independent Contractors Tax Rules When Hiring Independent Contractors Tax Rules for Employees Hiring Your Family Hiring a Resident Manager

CHAPTER 13 - Casualty and Theft Losses

What Is a Casualty? Calculating a Casualty Loss Deduction Disaster Area Losses Casualty Gains Tax Reporting and Record Keeping for Casualty Losses

CHAPTER 14 - Additional Deductions

Dues and Subscriptions Education Expenses Gifts Insurance for Your Rental Activity Legal and Professional Services Meals and Entertainment Taxes Unpaid Rent

CHAPTER 15 - Vacation Homes

The Vacation Home Tax Morass Regular Rental Property Tax-Free Vacation Home Vacation Home Used as Rental Property Vacation Home Used as Residence Calculating Personal and Rental Use Converting Your Home to a Rental Property

CHAPTER 16 - Deducting Rental Losses

What Are Rental Losses? Overview of the Passive Loss Rules The $25,000 Offset The Real Estate Professional Exemption Rental Activities Not Subject to PAL Real Property Rental Rules Vacation Homes Deducting Suspended Passive Losses Tax Reporting for Passive Rental Losses Strategies for Dealing With the Passive Loss Rules At-Risk Rules How to Deduct Rental Losses

CHAPTER 17 - Record Keeping and Accounting

Record Keeping Made Simple Accounting Methods Tax Years

CHAPTER 18 - All About Schedule E

Who Must File Schedule E? Filling Out Schedule E Schedule E Example

CHAPTER 19 - Claiming Tax Deductions for Prior Years

Reasons for Amending Your Tax Return Time Limits for Filing Amended Returns How to Amend Your Return How the IRS Processes Refund Claims

CHAPTER 20 - Help Beyond This Book

Secondary Sources of Tax Information The Tax Law Consulting a Tax Professional

Index About the Author