did-you-know? rent-now

Amazon no longer offers textbook rentals. We do!

did-you-know? rent-now

Amazon no longer offers textbook rentals. We do!

We're the #1 textbook rental company. Let us show you why.

9780470558041

J.K. Lasser's Real Estate Investor?s Tax Edge : Top Secret Strategies of Millionaires Exposed

by ;
  • ISBN13:

    9780470558041

  • ISBN10:

    0470558040

  • Format: eBook
  • Copyright: 2009-10-01
  • Publisher: Wiley
  • Purchase Benefits
List Price: $18.95
We're Sorry.
No Options Available at This Time.

Summary

Top tax guidance for today's turbulent real estate marketDespite the downturn in the real estate market, savvy investors can continue to capture profits by using money-saving tax strategies.In The Real Estate Investor's Tax Edge, authors Scott Estill and Stephanie Long provide all of the necessary tax planning techniques to lower your tax bill and fully capitalize upon your real estate investments. In addition to this, you'll learn how to protect your assets and avoid losses in a down market through smart tax planning strategies. Containing the most updated tax law information, and offering tax-planning tips geared toward today's real estate market, this reliable resource is a complete guide to managing your real estate taxes. Outlines effective strategies for legally reducing the impact of taxes on your real estate assets Offers detailed coverage of the newest tax laws and rules affecting real estate Focuses on tax smart techniques for making the most of your real estate investmentsIn today's volatile real estate market, it's important to make the most of your assets by paying the legal minimum in taxes-no more and no less. The Real Estate Investor's Tax Edge will show you how to achieve this goal, and put you in a better position to profit during even the most difficult of times.

Table of Contents

Warning
Introduction
Understanding Capital Gains
What Is a Capital Asset?
Capital Gains Tax Rates
Holding Periods for Capital Assets
Multiple Holding Periods
What Is "Basis"?
Settlement, Closing, or Housing and Urban Development (HUD) Costs
Sales of Business Property (Noncapital Property)
Cancellation of Debt
Conclusion
Your Personal Residence
Home Mortgage Interest Tax Rules
Real Estate Taxes
Exceptions to the Two-Year Rule
How to Compute Reduced Capital Gain Exclusion
Vacant Land
Converting Rental Property to Your Personal Residence
The Home Office and Exclusion of Capital Gains
Sale of a Home in the Year of Divorce
Unmarried Couples and the Exclusion
Sale of a Home in the Year of Death of One Homeowner/Spouse
Incapacity
First-Time Homebuyer Credit
Loss on the Sale of a Personal Residence
Tax-Free Rental Income
Foreclosure of Primary Residence
Conclusion
Deductions for Rental Property
What Is Rental Income?
Common Rental Property Tax Deductions
The Real Estate Professional and Rental Property Losses
Tax Credits for Rental Properties
Recordkeeping Requirements for Rental Properties
Conclusion
Like-Kind Exchanges and Section 1031
Simultaneous Exchanges
Deferred (Nonsimultaneous) Exchanges
The Identification Period
Reverse (Starker) Exchanges
How to Permanently Eliminate the Gain on the Transfer of Property Through a Like-Kind Exchange
Losses
Real Estate Dealers
Business Entities
Tenant-in-Common Interests and Like-Kind Exchanges
Last-Minute or Broken Exchanges
Related-Party Issues
Basis of Property Received
Refinancing
Sale Expenses
When Not to Use a Like-Kind Exchange
Conclusion
The Dealer Issue
What Is a Dealer?
Tax Consequences of Being a Dealer
Tax Planning Strategies
Conclusion
Installment Sales
What Is an Installment Sale?
Installment Sales Between Related Parties
Opting Out of Installment Sale Reporting
Installment Sale of Your Primary Residence
Use of Escrow Account for an Installment Sale
Considerations Related to Installment Sales
Default Under Installment Agreements
Conclusion
Passive Activity Rules Related to Real Estate
Participation
Modified Adjusted Gross Limitation
Former Passive Activities
At-Risk Limitations
Dispositions and Installment Sales
Conclusion
Trusts, Trusts, Trusts!
Land Trusts
Private Annuity Trusts
Charitable Remainder Trusts
Conclusion
Individual Retirement Accounts
IRA Rules and Plan Types
Necessary Steps to Using an IRA for Real Estate Transactions
Buying Notes or Liens in an IRA
Prohibited Transactions with Real Estate in an Individual Retirement Account
The Use of Financing in an IRA
Conclusion
Depreciation Issues with Real Estate
How Is Basis Computed?
What Is the Recovery Period for Property Subject to Depreciation?
What Methods of Depreciation Are Available?
Depreciation Rates for New Property
Component Depreciation
Section 179 Deductions
Must Depreciation Be Claimed?
Conclusion
Business Entities and Real Estate Investors
The C Corporation
The S Corporation
The Limited Liability Company (LLC)
The Limited Partnership
Conclusion
Conclusion
IRS Tax Forms
Checklists and Forms
Notes
About the Authors
Index
Table of Contents provided by Publisher. All Rights Reserved.

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

Rewards Program