Description

AUDIENCE:

This book is for residential landlords who want to minimize their taxes. It is aimed primarily at landlords who own ten or fewer residential properties that they rent out full-time–whether to long or short-term tenants.

REASONS TO BUY THIS BOOK:

One of the chief benefits of owning rental property is the numerous tax write-offs available to landlords. Unfortunately, this is one of the most complex and confusing areas of the tax law.

This book gives small residential landlords, who can’t afford to hire high-priced accounting or law firms, the guide they need to save money on taxes.

It is comprehensive and easy to read, with many interesting and relevant examples.

The book explains all the essentials like depreciation deductions, deducting losses, repairs versus improvements, keeping proper records, and deducting home office, travel, and entertainment expenses.

It is updated to cover new deductions, rules, and tax-related numbers and amounts that change every year.