Tax Advantages of Owning Real Estate

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Zyrus Press, May 1, 2007 - Business & Economics - 400 pages
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Tax Advantages of Owning Real Estate is written for real estate licensees, attorneys, investors and owners, with emphasis on California transactions. The objective of this book is to fully provide buyers, owner-operators and sellers of real estate complete knowledge of the federal tax consequences that accompany all real estate transactions.Many real estate decisions, particularly for sellers, are driven by the transaction's profit tax implications. Thus, it is important for buyers, owners and sellers of homes, business premises, income-producing properties and investment real estate to understand and apply tax rules in their real estate transactions.For the broker or agent, advice about taxes, if made known, may hold strong influence over a client's decision to buy, sell, finance or lease real estate. To this end, Tax Advantages of Owning Real Estate discusses the advice brokers can and should give to a client regarding the tax consequences of real estate transactions.On completion of this book, brokers and agents will be able to competently articulate various income tax consequences, analyze the application of federal tax rules to various real estate transactions, use worksheets to back up their advice, and represent buyers and sellers on ever higher-valued properties. Similarly, individual investors and owners will gain a firm understanding of the tax rules and financial implications of their real estate decisions.

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A little disjointed in writing style, however not a surprise given the content. This is the only book that I could find in the real estate space which went into detail on tax treatments for the layman.
As an example, all books refer to the depreciation length of a property, but this is the first to introduce the alternative depreciation table and when it can be used.
Many complex examples demonstrating, with citation, the taxation rules and options.
I was able to get to grip with the US taxation for real estate owners, even as a nonresident "alien".
 

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About the author (2007)

Fred Crane is the author of The 1031 Reinvestment Plan and Limited Liability Company for Group Investments. His experience spans the decades from developer, broker, syndicator, to a law practice specializing in real estate issues.

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