The Complete Tax Guide for Real Estate Investors A Step-by-Step Plan to Limit Your Taxes Legally - Softcover

Sonnenberg, Jackie

Softcover

ISBN 10: 1601382081 ISBN 13: 9781601382085

Publisher: Atlantic Publishing Group Inc, 2008

Synopsis

Many people invest in real estate, from second homes to apartment complexes, condos, townhouses, and commercial buildings and realise a profit from doing so. However, real estate investors have begun to discover that there are a plethora of tax issues associated with buying and selling real estate. This guide takes the mystery out of these tax issues and even provides you with tax planning strategies. In this new book you will learn how to implement tax savings programs successfully to reduce or eliminate the resulting income tax from the sale of real estate, how to use the IRS tax code to your advantage through depreciation, how to set up annuity trusts and charitable remainder trusts, and how to avoid paying federal taxes. You will become knowledgeable about the different types of 1031 exchanges, including deferred exchanges, simultaneous exchanges, forward delayed exchanges, construction exchanges, reverse exchanges, two-party exchanges, and three-legged exchanges, as well as the advantages and disadvantages of each. Additionally, you will learn about capital gains taxes, tax and legal loopholes, recapture of depreciation, deferring taxes, reducing a home s tax basis, instalment sales, tax liability, minimising taxes on final divestment, stepped-up basis, taxation at the time of sale, and like-kind rules. It does not matter if you are a first time investor or a veteran of the real estate market; you will find valuable information, along with tips and tricks, in this book. Tax issues can strain resources and drain profits, but if you implement the strategies in this book you will be able to limit your taxes, thereby increasing your earnings.

About this title

About the Author

Jackie Sonnenberg is a 2007 graduate of Carthage College holding her Bachelor's in English and Creative Writing. She is currently a journalist living in the suburbs of Chicago. Sonnenberg started in print in her early teens and has published short and long works of fiction and prose on websites, magazines, journals, and newspapers, having a few years of experience as a columnist writer and a features editor and reporter. In addition to writing, she enjoys participating in theatre, scrapbook, crafts, and gaming. This is her first book to publish and she is thrilled to get this start, and is looking into exploring new interests and options for future books, topics and expanding her passion in creativity for fiction novels.

Edition details

• Publisher: Atlantic Publishing Group Inc
• Publication date: 2008
• Language: English
• ISBN 10: 1601382081
• ISBN 13: 9781601382085
• Binding: Paperback
• Number of pages: 288