The Complete Tax Guide for Real Estate Investors: A Step-By-Step Plan to Limit Your Taxes Legally [Paperback]

Jackie Sonnenberg (Author)

Book Description

Publication Date: September 3, 2008

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.

Product Details

• Paperback: 288 pages
• Publisher: Atlantic Publishing Company (FL) (September 3, 2008)
• Language: English
• ISBN-10: 1601382081
• ISBN-13: 978-1601382085
• Product Dimensions: 8.9 x 6 x 0.8 inches
• Shipping Weight: 11.2 ounces (View shipping rates and policies)
• Average Customer Review: 3.3 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #1,002,619 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

3 of 3 people found the following review helpful:

1.0 out of 5 stars So poorly written that it does not convey the concepts well, January 25, 2011

By 

Arn City (PA) - See all my reviews

Amazon Verified Purchase

This review is from: The Complete Tax Guide for Real Estate Investors: A Step-By-Step Plan to Limit Your Taxes Legally (Paperback)

An earlier review mentioned that this book is poorly written. I figured this was just nitpicking and that I could deal with less-than-perfect grammar in order to find some good information. I was wrong. The author is such a bad writer that she mangles even straightforward definitions to the point that I cannot figure out what she is trying to say.

I'm still going to gut my way through it, but trust me that it is worth finding another book on this subject.

7 of 9 people found the following review helpful:

1.0 out of 5 stars Terribly written book, January 17, 2009

By 

Anthony J. Dossey - See all my reviews
(REAL NAME)   

This review is from: The Complete Tax Guide for Real Estate Investors: A Step-By-Step Plan to Limit Your Taxes Legally (Paperback)

This book made me want to pull my hair out, [...]. I could take every other
sentence and rewrite it to make it easier to understand, [...]. I found an unbelievable amount of grammar errors too. Very unprofessional. It takes forever to read because you have to pause and interpret what the author is trying
to say. It's more confusing than reading the bible, [...]. I gave up on the book and moved onto a another real estate investing book.

2 of 2 people found the following review helpful:

4.0 out of 5 stars It's all legal, October 1, 2008

By 

e. bovard (Pewaukee, Wisconsin) - See all my reviews

This review is from: The Complete Tax Guide for Real Estate Investors: A Step-By-Step Plan to Limit Your Taxes Legally (Paperback)

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.