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Every Landlord's Tax Deduction Guide | 
| Author: Stephen Fishman
Publisher: NOLO
Category: Book
List Price: $34.99
Buy New: $31.49
You Save: $3.50 (10%)
Rating:  26 reviews
Sales Rank: 82069
Media: Paperback
Edition: 4
Number Of Items: 1
Pages: 448
Shipping Weight (lbs): 1.5
Dimensions (in): 9 x 6.9 x 1
ISBN: 1413307213
Dewey Decimal Number: 343.730523
EAN: 9781413307214
Publication Date: November 15, 2007
Availability: Usually ships in 24 hours
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Product Description
This bestseller is the only book on tax deductions specifically for residential landlords!
Named a "Top 10 Real Estate Book" by Robert Bruss, syndicated real estate columnist
If you own rental property, you should be taking advantage of the many tax write-offs available. Every Landlord's Tax Deduction Guide gives residential landlords the plain-English guide they need to save money on taxes -- without the services of a high-priced accounting firm.
This book explains how to maximize your deductions. Find out how to:
fill out IRS Schedule E
take real estate tax credits
figure out if an expense is a repair (deductible) or an improvement (depreciable)
maximize your depreciation deductions
deduct losses arising from real estate ownership
keep proper tax records
deduct home office, travel, casualty losses and much more
Every Landlord's Tax Deduction Guide is comprehensive yet easy to read, jam packed with interesting and relevant examples. The 4th edition is completely updated for 2008 and reflects the latest tax information and numbers.
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| Customer Reviews: Read 21 more reviews...
 Just What Every Landlord Needs April 1, 2005
43 out of 43 found this review helpful
The only book on tax deductions just for landlords. This is important because the tax laws of the US are so complex that it takes a specialized book (written in plain English) to cover a specialized area like this. For instance, changes in the tax law in 1999 made it easier to take the home office deduction and harder for the IRS to successfully object. BUT the IRS doesn't go out of its way to encourage landlords to take the deduction. Indeed you won't find a single word about it in any IRS publication or form. In this book there is a chapter on just this subject, and it includes such details that as defining when travel from your home office to your rental property is or is not deductible.
This is the kind of detail that this book goes into. It is specific to landlords so eliminates all of the other material that is just in the way when you read it. It also includes access to a web site that updates this book with any changes in the law that affect the current edition of the book.
Basically this tells you all that you need to know, and it is almost guaranteed to let you find deductions you would otherwise have missed.
Absolutely Essential October 31, 2006
38 out of 38 found this review helpful
I am a law student at Yale Law School and my husband is an attorney. We own and I manage about 5 rental properties. This book is absolutely essential for anyone owning a rental property. Do not depend on your accountant as a substitute as most accountants will not know this kind of detailed information about real estate rentals (unless they specialize in it or maybe have their own rentals.) My accountant who has been in practice over 20 years did not know a lot of essential stuff which I had to guide him through(it may be time for a new accountant). If I had not read this book I would have been doomed. Because I can qualify for the unlimited deduction (not just $25,000) for rental losses, we have literally saved tens of thousands of dollars in taxes we would have otherwise had to pay on my husband's salary, legally, with the guidance of this book. I cannot recommend this book highly enough. It is written in a very easy to understand format and gives you almost all the information you need in one place. You cannot rely on others to properly arrange your financial affairs in this specialized area. By reading this book you will know how to buy, finance, and repair properties in ways that produce the most effective tax benefits. Consider yourself lucky that you are aware this book is out there and purchase immediately if you own rentals.
Easy to read December 4, 2005
18 out of 18 found this review helpful
I'm a beginner landlord and I found this book easy to read and comprehend. Tax books are not the most exciting of reading material, so I'm only 1/4 of the way through it, but I have learned so much from it so far. I bought the book at the end of the year to prepare myself for taxes. I wish I bought it sooner, because there is many deductions that I could have taken. But it's a little late in the year now and the reciepts were trashed, so I loose there. Great book for first timers and I will probably need to refer to this book as I move into the next tax year.
The Book to Get September 4, 2006
12 out of 12 found this review helpful
I've just acquired several rental properties and needed a book that had tax information all in one place. I got a couple other books, but this one is the one that I use all the time. It's easy to read and understand while still explaining the nuances of tax law, and has good strategy and planning ideas for repairs/improvements etc. It also addresses what is and is not deductible as you are starting out (i.e. before you actually buy a property).
No book will replace a professional accountant, but I have a feeling that my accountant will be grateful that I've used this book come tax time, as I will have categorized things correctly, saved the right receipts, and will understand what he is talking about when he is explaining my return.
A valuable compendium of musts and must-nots for landlords! March 22, 2005
7 out of 8 found this review helpful
After receiving a limited release for his book, I believe that this is an excellent book that will save you tons of money on taxes while avoiding bad lawsuits. I believe that this is a book for every apartment building owners, on-site managers, and property managers. It describes how to screen and choose the best tenant, write a lease and hire a trustworthy property manager. This is really a basic comprehensive reference for thos who are real estates. This should be a required text for every landlord. I treated this book as though, it was my 'Holy Bible!' It's really that good! Recommended!
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