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Tax Deduction Secrets of
Real Estate Millionaires

By Nick Braun PhD

There are hundreds of real estate tax deductions you can claim if you own rental property.

Many real estate tax deductions are kept secret by rich investors and their advisors. However, if you claim EVERY real estate tax deduction available, you should be able to cut your income tax bill by thousands of dollars.

This comprehensive guide tells you everything you need to know about increasing your real estate tax deductions. The 2008 edition has just been published and contains a huge number of new tax-saving ideas.

Inside you will find out what real estate tax deductions you can claim, how they’re calculated and how to claim the largest possible deduction – armed with this information you should be able to pay much less income tax on your real estate profits... or escape tax altogether.

Tax Deduction Secrets of Real Estate Millionaires is essential reading for:

• Landlords who want to claim more real estate tax deductions.
• Both experienced and novice real estate investors – there are tax saving ideas in here for everyone.
• Those who want a clear understanding of how some of the complicated real estate tax deductions are calculated.

What Information is Contained in the Guide?

Tax Deduction Secrets of Real Estate Millionaires is completely up-to-date and contains dozens of examples and tax tips.

• Highly informative introduction to how landlords are taxed.
• Detailed case studies showing exactly how many dollars a typical landlord can save by claiming all available real estate tax deductions.
• Everything you need to know about how depreciation works, PLUS how to claim more depreciation than other landlords.
• How to value buildings for more and land for less and claim thousands of extra dollars in depreciation.
• How to claim depreciation on assets you use personally such as computers.
• Clear and definitive answers to the “Improvement or Repair?” question.
• Useful tables of repairs and improvements
• How to classify expenses as repairs instead of capital improvement and claim 100% of the cost immediately.
• The tax benefits of hiring your spouse or children.
• How to deduct your car costs, the standard mileage rate versus actual expenses – how.
• How to claim first-class airfares, luxury hotels and restaurants when you travel, even if you mix real estate business with pleasure.
• The lowdown on the big interest tax deduction, including credit card interest and loans to buy cars.
• How to qualify for the generous home office tax deduction and cut your tax bill by thousands of dollars every year.
• A long list of home office expenses, full list of expenses you can claim.
• Vacation homes – how to earn tax-free income, claim tax deductions AND have great vacations.
• How to claim real estate tax deductions that have a personal component: home office expenses, motor expenses, meals, travel.
• A long checklist of other expenses you can claim such as entertainment costs and other little known real estate tax deductions.
• Everything you need to know about rental losses: how they’re treated and how you can offset them against your other income.
• How to achieve ‘business’ status instead of ‘investor’ status and claim a huge number of additional deductions.
• How to complete your tax deduction and safeguard your real estate tax deductions from an audit.