Every Landlord's Tax Deduction Guide by Stephen Fishman

Every Landlord's Tax Deduction Guide by Stephen Fishman

Maximize your tax deductions

Rental real estate provides more tax breaks than almost any other investment. Understanding and taking advantage of all the tax breaks available for landlords can make the difference between earning a profit and losing money. But the majority of the nation's 10 million landlords own only one or two units and can't afford high-priced tax advice from experts. Every Landlord's Tax Deduction Guide provides landlords with the tax information they need.

This edition has been completely updated to cover all the latest changes in the tax laws brought about by COVID-19 relief legislation. It includes information on how landlords can deduct rental losses caused by the pandemic, sick leave and family leave tax credits for self-employed landlords, employee retention credit, and tax-free treatment of landlord PPP loans.

This book also explains:

• how landlord businesses are legally organized
  
• how to maximize depreciation deductions
  
• distinguishing between repairs and improvements
  
• handling casualty and theft losses
  
• deducting home office, car travel, and meals
  
• how to benefit from real estate professional status
  
• hiring workers
  
• taking advantage of the 20% pass-through tax deduction
  
• how to keep property records, and
  
• filing the landlord tax form: IRS Schedule E.
  

And a new section explains the ins and outs of getting paid and paying others with Bitcoin or another cryptocurrency and what it means for your taxes.

Fishman, Stephen: - Stephen Fishman has dedicated his career as an attorney and author to writing useful, authoritative, and recognized guides on business, taxation, and intellectual property matters for small businesses, entrepreneurs, independent contractors, and freelancers. He is the author of 20 books and hundreds of articles, and has been quoted in The New York Times, Wall Street Journal, Chicago Tribune, and many other publications. Among his books are Every Landlord's Tax Deduction Guide, Deduct It! Lower Your Small Business Taxes, and Working for Yourself: Law & Taxes for Independent Contractors, Freelancers & Gig Workers of All Types, published by Nolo. He is a two-time recipient of the Independent Book Publishers Association's Benjamin Franklin Award.

SKU	Unavailable
ISBN 13	9781413330366
ISBN 10	1413330363
Title	Every Landlord's Tax Deduction Guide
Author	Stephen Fishman
Condition	Unavailable
Binding Type	Paperback
Publisher	Nolo
Year published	2022-12-27
Number of pages	496
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.