Many people invest in real estate, from second homes to apartment complexes, condos, townhouses, and commercial buildings and realize 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. The Complete Tax Guide for Real Estate Investors will take the mystery out of these tax issues and even provide 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, installment sales, tax liability, minimizing 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.
September 24, 2008
The Complete Tax Guide for Real Estate Investors: A Step-by-Step Plan to Limit Your Taxes
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There are four types of real estate for tax purposes: For sale, For personal, For investment and For business. Find out how you can make money in real estate and reduce or eliminate the income tax from the sale. And it’s all legal.
You’ll find Chapter 19: 24 Steps to Successful Tax Free Investment to be helpful; it covers the benefits of using 401K, OPI, or IRA to avoid giving your real estate investment profit away.
The complete Tax Guide for Real Estate Investors provides a Step-by-Step guide to investing in real estate. Whether you are just starting out or are a long-term investor, this guide provides tips and secrets to help you make a profit.
Comment by Edna — September 30, 2008 @ 4:03 pm
The Complete Tax Guide for Real Estate Investors breaks down a complicated and often intimidating subject into an easy guide for people looking to cut down the amount of taxes on their real estate investments.
This book explains everything from a dealer versus an investor to the different classifications of real estate to ways to cut taxes and increase earnings. The language is simple and easy to understand, and the book runs through the entire process from explaining what real estate is up through the time of the investment and after.
Even for someone that has never quite understood taxes in real estate, this book will give you the knowledge that you need to make wise investments that will pay you back for as long as you have them.
Comment by S Canty — October 6, 2008 @ 4:52 pm
Well this might seem like one of the worst times to invest in real estate, but many people are doing it. For those who are, this book will provide sound, solid advice when dealing with taxes. The book starts by providing the readers with a good look at different types of real estate and what the concerns of both the buyer and the seller may be which is good since almost everyone will fall into both roles at some point in life.
Then the book provides strategies for investment that cater the reader’s personal goals and objectives. The rest of the book details tax concerns and strategies: from dealing with capital gains tax to properly using the 1031 exchange. This book will not have a broad appeal but for those in this subject matter it will prove to be invaluable.
Comment by Kimberly Sarmiento — November 11, 2008 @ 12:14 pm
Being well informed in all matters related to real estate investing goes a long way in determining success no matter if you are a first-time investor, or real estate market veteran. And The Complete Tax Guide for Real Estate Investors: A Step-by-Step Plan to Limit Your Taxes Legally provides detailed and well organized guidance for people looking to develop sound tax planning strategies for successfully increasing earnings, reducing or eliminating the taxes they pay on their real estate investments.
Incorporating interviews with professionals, Jackie Sonnenburg uses easy to understand language to explain often-complicated topics and tax issues associated with real estate investing from the time of the investment and beyond.
Whether looking to implement tax-saving strategies for second homes, apartment complexes, condos, townhouses or commercial buildings, investors will gain valuable knowledge regarding 1031 exchanges, 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. All this, in addition to actionable information regarding record keeping, depreciation, capital gains, legal loopholes etc.
Comment by J. Alpha — March 12, 2009 @ 12:19 pm
While I’m not what would be considered an expert or even informed person in the real estate investment world from the first introduction portion of this book I found myself getting sucked into the easy to follow guidance the author brought to what could have been a very dry and boring topic. I found myself learning the ins and outs of what an investor needs to know and how to avoid many of the novice pitfalls that come upon a first time investor. I found the chapters to be nicely divided so that I can easily refer back to certain parts that I need more information on quickly.
I was touched that a portion of the proceeds of this book in honor of “Bear” (their family pet) go to the United States Humane Society. I highly recommend this 285 page book to not just seasoned real estate investors but to anyone who even remotely is considering dabbling in the real estate investing venture.
Comment by Jessica McDowell — March 19, 2009 @ 4:33 pm
When you hear the word “taxes” you cringe, but taxes don’t have to be scary or intimidating. With “The Complete Tax Guide for Real Estate Investors” you can have a pain free step by step plan on how to limit your taxes legally. With this guidebook you can have a specific outline of how to deal with taxes in relation to all aspects of real estate, such as real estate that is for personal or business use, real estate for investment, property that is excluded, interests & partnerships and much more.
You will get some great tips and hints on investing, learn more about building wealth, protecting assets, capital gains, trusts and estate planning. The best part of the book that I found was the “What not to do” chapter that gives you examples of things not to do and other scenario’s to help you understand why.
If you ever have any questions about taxes and real estate, this is the book for you.
Comment by Michelle Dunn — July 6, 2009 @ 12:27 pm
Whether you’re a seasoned Real Estate investor or a newbie looking for answers, this book is a helpful resource in the often confusing world of taxes and investment properties. Beginning with basics (What is Real Estate? Who are Investors?) and moving to the complex (How various Trusts and Tax Codes operate, plus expert advice,) this really is a step by step guide.
One of the best parts of this book is its “Facts vs. Myths” section. Taxes and investments are tricky business, and often the facts get skewed by popular opinion. Here, however, experts lay out the basics in a no-nonsense way.
Also, form numbers and exact paperwork suggestions really help investors to know exactly the steps to take for maximum profit and ease. Without a handy guide like this, investors would be searching for answers all over – but here we have everything in one place, written in a straightforward and matter-of-fact style.
Comment by Dani — August 10, 2009 @ 1:36 pm