| Description |
1 online resource (288 pages) : illustrations |
| Summary |
Many investors today are making huge profits on real estate investments. The key, however, in investing is not the profit, but what you actually get to keep after taxes. This new book will provide a road map with hundreds of methods and insider tax secrets to help you keep more of what you earn. Real estate investors face unique tax problems from the sale of real estate. You will learn how to implement tax savings programs successfully to reduce or eliminate the resulting income tax from the sale of real estate. You will learn how to use the IRS tax code to your advantage through depreciation, 1031 exchanges, shielding income, deferring income taxes, handling capital gains taxes, building wealth, creating a self-directed IRA, making installment sales, setting up annuity trusts and charitable remainder tax-advantaged trusts. You will learn about exemptions, exchange rules, tax shelters, tax-exclusion credits, sheltering your assets from creditors, and ultimately you will learn how you can retire rich and early with tax-free real estate investments. |
| Contents |
Table of Contents; Preface; Foreword; Introduction; Building Wealth -- Profits Are Only Half of It; Creating an Income Stream While Deferring Taxes; IRS Accepted Tax Practices; Taxpayers Relief Act of 1997; Preserving Wealth with Trusts; The Importance of Planning and Timing; Summary; Chapter 1: What to Expect from Three Tax Strategies; How Depreciation, Basis, and Capital Gains Work; Depreciation; Basis; Recaptured Depreciation and Capital Gains Taxes; How 1031 Exchanges Work; A Little History; Declaring to Exchange; Timing Requirements; Financial Aspects of the Exchange. |
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1031 Exchanges and the IRSInstallment Sales for Tax Deferral; Calculating the Percentage for Installment Sale Components; The Down Payment; The Self-Directed IRA; UBIT; Prohibited Transactions; Summary; Chapter 2: Eliminating or Reducing Taxes; Reducing Taxes; Traditional IRAs; Partial 1031 Exchanges; Installment Sales in 1031 Exchanges; Eliminating Taxes; Charitable Remainder Trust; Roth IRA; Home Sale Tax Exclusion; Gifting; Summary; Chapter 3: Qualified Retirement Accounts; Different Account Types; 401(k); Roth 401(k); Deciding Between Roth and Traditional IRAs. |
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General Information about SEP, SIMPLE, and Keogh PlansSEP-IRA; SIMPLE; Keogh or Qualified Plan; Other Tax Favorable Savings Accounts; Self-directed IRA Accounts; Qualifying and Opening an Account; Writing the Plan Document; Setting up SEP-IRA Accounts; Letters of Instruction to the Custodian; Partnering Untaxed and After-Tax Funds; Leveraging and Unrelated Business Tax Income; Using the 60-Day Rule; Summary; Chapter 4: 1031 Exchanges; Safe Harbor; Like-Kind and Disqualified Properties; More Advantages of 1031 Exchanges; Accurately Calculating Capital Gain. |
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Increasing Depreciation and Deferring TaxesDisadvantages; Common Pitfalls to Avoid in Exchanges; Importance of Timing; Due Diligence; Net Operating Income; More Due Diligence; Summary; Chapter 5: The 1031 Process Step-by-Step; Basic Rules to a Fully Tax-Deferred 1031 Exchange; The Generic Process; How the Money Flows in a 1031 Exchange; Investor's Role; Team Members' Roles; Real Estate Agent or Broker; Financial Advisor; A Qualified Intermediary; Legal Counsel; How Related People Affect a 1031 Exchange; Summary; Chapter 6: Useful Variations of 1031 Exchanges; The Reverse Exchange. |
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When Opportunity Makes the Reverse Exchange the Right OptionConstruction Exchange; Growing with a Construction Exchange; Combining a Reverse and Construction Exchange; Tenants in Common; Triple Net Leases; Partnerships in Exchanges; Changes to a Property's Purpose; Personal Property Exchanges; Exchange Clubs; Not to Exchange; Summary; Chapter 7: Installments When the Time Is Right; Installment Sales Contract; Mortgage Relief; Contract Terms and Conditions; Preventing Early Payoff; Business Retirement with an Installment Sale; Generate Income from Undeveloped and Farm Lands. |
| Local Note |
EBSCOhost Small Business Reference Center |
| Subject |
Real estate investment -- Taxation -- United States.
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BUSINESS & ECONOMICS -- Real Estate -- General.
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Real estate investment -- Taxation.
(OCoLC)fst01091050
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United States. (OCoLC)fst01204155
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| Other Form: |
Print version: Kline, Brian. How to pay little or no taxes on your real estate investments. Ocala, Fla. : Atlantic Pub., ©2007 9781601380401 (DLC) 2007025068 (OCoLC)144772176 |
| ISBN |
9781601384652 (electronic book) |
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1601384653 (electronic book) |
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1282489488 |
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9781282489486 |
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9781601380401 |
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1601380402 |
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