Every Landlord's Tax Deduction Guide

by Stephen Fishman

Book Overview

Maximize your tax deductions. Named a "Top 10 Real Estate Book" by Robert Bruss, syndicated real estate columnist. If you own residential rental properties, you will want to know about all the valuable deductions you are entitled to take as a landlord. Every Landlord s Tax Deduction Guide is the only book that focuses exclusively on tax deductions for landlords. Find out how to: deduct casualty and theft losses deduct rental losses deduct home office,...

• Format: Paperback
• Language: English
• ISBN: 1413322395
• ISBN13: 9781413322392
• Release Date: December 2015
• Publisher: NOLO
• Length: 528 Pages
• Weight: 1.82 lbs.
• Dimensions: 1.3" x 7.4" x 9.2"

Customer Reviews

Absolutely Essential

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.

Excellent!!!

This is a must read for novice landlord. The book is very easy to read and provides a vast amount of detail of tax scenerios faced by landlords. This book provided me with the knowledge I needed to take appropriate actions throughout the year in anticipation of tax day. I have the confidence to prepare my own returns now. Even though I prepared my taxes before and felt comfortable, not knowing about the real estate side of the tax codes brought some doubt. This book takes the doubt away.

The Book to Get

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 must read!

This is a great book. It has the info, is easy to read and understand. I plan on reviewing this every year. Even if you have someone else do your taxes, it helps you in making business decisions with respect to taxes for your property.

Very informative

I purchase this book simply because I really want to know how to fill out the Sch E for rental property. This book is very very informative and useful. It answers a lot of my questions such as depreciation, travel cost, etc.. It really worth the price. The author use simply english to explain everything. He's great.