In clear, simple language, this text helps real estate professionals and property owners understand the complicated area of real estate investment tax law. Containing practical tax planning strategies, sample forms, and warnings about costly planning errors, this is a must-have reference for making sound investment strategies.

338 pages, 2003 copyright, 8 ½ x 11”

Highlights

Contents
Taxation at the Time of Sale: Taxation of Profit – How Gains or Losses are Computed • Capital Gains Taxation • The Sale of a Personal Residence • Installment Sales • Like-Kind Exchanges: Tax-Free Exchanges • Types of Simultaneous Exchanges • Deferred Exchanges • Minimum Requirements for an Exchange • Tax Solutions at Purchase and During Ownership: The Home Mortgage Interest Deduction • Depreciation • New Office-in-Home Rules • The Passive Loss Rules • The Rules on Passive Activity • Application of the Passive Loss Rules • applying the Passive Loss Rules to Real Estate Professionals • The Disposition of Passive Investments • Real Estate in Troubled Times: Cancellation of Debt, Bankruptcy and Repossessions