Real Estate Tax Secrets of the Rich

Chapter I: Why Everyone in America Should Own Their Home

Chapter II:

Buy a Home or Die in Poverty

Part II - Tax Goodies from Owning a Home

Chapter III:

Tax Basis - the Starting Place for All Deductions

Chapter IV:

IRS Record-Keeping Requirements to Bullet-Proof Your Basis

Chapter V:

Why Making Improvements to Your Home is Much More Valuable than Making Repairs

Chapter VI:

Maximizing the New Mortgage Interest Rules

Chapter VII:

The Point of Points

Chapter VIII:

Maximizing Your Deductions when Building a Home

Chapter IX:

Maximizing the Effect of Real Estate Taxes

Part III - Maximizing Tax Benefits when You Dispose of Your Home

Chapter X:

Excluding Gain when You Sell Your Home - an Overview to the New Universal Exclusion

Chapter XI:

Exceptions to the Two-Year Rule

Chapter XII:

Divorce and Death Implications

Chapter XIII:

Using an S Corporation to Avoid the Two-Year Rule

Part IV - Introduction to Tax Planning for Buying andLooking for Rental Property

Chapter XIV:

Introduction to Investment Property

Chapter XV:

Understanding Depreciation

Chapter XVI:

How to Evaluate Rates of Return for Residential Investment Property

Chapter XVII:

How to Deduct the Cost of Looking for Property

Part V - Tax Goodies Incurred while Owning Rental Property

Chapter XVIII:

Minimizing Passive Loss Problems

Chapter XIX:

Maximizing Your Depreciation Deductions

Chapter XX:

Making Land Deductible

Chapter XXI:

Income Splitting by Hiring Family Members

Chapter XXII:

Why Repairs on Investment Property are Important

Part VI - Minimizing Taxes when Disposing of Real Estate

Chapter XXIII:

How to Calculate Gain or Loss

Chapter XXIV:

When to Use Seller Financing

Chapter XXV:

How to Avoid All Gain on the Sale of Investment Property Using Like-Kind Exchanges

Chapter XXVI:

Sales to Relatives

Part VII - Miscellaneous Real Estate Tax Considerations

Chapter XXVII:

Understanding Vacation Home and Second Home Rules

Chapter XXVIII:

Understanding the Benefits of “Mom and Dad” Motels, Owning Bed and Breakfasts, and Converting Rental Property to a Hotel Classification

Chapter XXIX:

Frequently Asked Questions

Appendix

IRS insider Sandy Botkin reveals the tax strategies you can use to increase your ROIs by as much as 20 percent-whether you're a home owner or a real estate investor. This accessible guide demystifies real estate taxes and shows how to achieve maximum benefit when buying, owning, selling, managing, repairing, and investing in properties.

• Features numerous forms, charts, sample documents, and other valuable tax-saving tools
• Gives you the basics on real estate taxes and shows how to take full advantage of tax loopholes