Practical Guide to Real Estate Taxation

Front Cover
CCH, 2007 - 666 pages
Practical Guide to Real Estate Taxation is CCH's highly successful practical guide to the federal tax consequences of real estate ownership, operations and activities. This updated Fifth Edition is the most accessible and affordable reference available for all tax, real estate and investment professionals who need to know the tax ramifications and underpinnings of real estate investment. Recent regulations, tax rates and rulings are reflected throughout, along with other developments impacting the taxation of real estate.Real Estate Taxation begins by analyzing the tax basis of real estate and then offers a comprehensive discussion of the forms of ownership with comparative benefits and pitfalls of the differing types. Mortgages, at-risk rules, interest and other financial issues are thoroughly covered. Activities involved once ownership is established are then discussed, including rental/leasing arrangements, tenant's rent deduction, landlord's income, lease acquisition and cancellation, leasehold improvements, and investment credit considerations.The book thoroughly examines the actual operation of real estate, including coverage of operating expenses and taxes, mixed-use residences, startup expenses and real estate taxes, plus guidance on additions and improvements, depreciation, development and related issues. An indepth focus on passive activity loss rules is included, as well as a separate section analyzing homeowner issues. Finally, the disposition of real estate is covered, along with a special discussion dealing with securitized real estate investments.
 

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Contents

PreOpening Expenses 713
3
Chapter
5
FORM OF OWNERSHIP
35
FINANCING REAL ESTATE
75
CONSTRUCTION OF REAL PROPERTY
123
PAYMENTS BETWEEN LANDLORD
125
OVERVIEW OF CHAPTER
143
IMPROVEMENTS AND ADDITIONS BY LESSOR 601
157
IDENTIFICATION OF SEPARATE ACTIVITIES 1111
319
TROUBLED FINANCINGS
355
SALES AND EXCHANGES
389
TENANTS RENT DEDUCTION
411
OVERVIEW OF CHAPTER
445
CHAPTER 14
475
CHAPTER 5
503
DEDUCTIONS FOR HOMEOWNERS
527

OPERATING EXPENSES AND TAXES
177
PROPERTY ADDITIONS AND IMPROVEMENTS
217
DEPRECIATION
249
Land Improvements
259
ACRS DEPRECIATION FOR PRE1987 PROPERTY 921
269
DEPRECIATION OF PRE1981 PROPERTY
290
Ordinary Course of Business
293
PASSIVE ACTIVITY LOSS RULES
313
MIXEDUSE RESIDENCES
553
Associations
573
Sale of Residence
591
REAL ESTATE LIMITED PARTNERSHIPS
613
REAL ESTATE INVESTMENT TRUSTS
625
355
627
Index
639
Copyright

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About the author (2007)

David F. Windish is a tax attorney and consultant. He has served as instructor of tax-advantaged investments at the NY Institute of Finance, instructor of business law at the U.S. Merchant Marine Academy, and adjunct professor at George Mason University. He has also served as executive editor for Tax Analysts and managing editor for CCH's Business Strategies Guide. Mr. Windish is the author of Tax Advantage Investments and Investor's Guide to Limited Partnerships, both published by the New York Institute of Finance. He is a graduate of Rutgers University Law School and the NY University School of Law, Graduate Division.

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