Maximize your tax deductionsRental real estate provides more tax benefits than almost any other investment. Whether you own a ten-unit rental apartment building or rent a room in your home through Airbnb, you need 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 IRS rules and deductions for landlords.
With this book, you will learn about:
- depreciation, casualty and theft losses, start-up expenses, and other common landlord deductions
- IRS rules on deducting repairs and improvements
- vacation home tax rules, and
- proper record keeping and accounting, and much more.
The book also covers landlord tax classifications, reporting rental income, hiring workers, and deducting rental losses.
Filled with practical advice and real-world examples,
Every Landlord's Tax Deduction Guide will save you money by making sure you owe less to the IRS at tax time.
This edition is updated and revised to cover tax rules for Airbnb-type rentals.