Practical Guide to Real Estate Taxation 2013 (CCH Tax Spotlight Series)

PracticalGuidetoRealEstateTaxationisCCH'shighlysuccessfulpracticalguidetothefederaltaxconsequencesofrealestateownership,operationsandactivities.ThisupdatedSixthEditionisthemostaccessibleandaffordablereferenceavailableforalltax,realestateandinvestmentprofessionalswhoneedtoknowthetaxramificationsandunderpinningsofrealestateinvestment.Recentregulations,taxratesandrulingsarereflectedthroughout,alongwithotherdevelopmentsimpactingthetaxationofrealestate.PracticalGuidetoRealEstateTaxationbeginsbyanalyzingthetaxbasisofrealestateandthenoffersacomprehensivediscussionoftheformsofownershipwithcomparativebenefitsandpitfallsofthedifferingtypes.Mortgages,at-riskrules,interestandotherfinancialissuesarethoroughlycovered.Activitiesinvolvedonceownershipisestablishedarethendiscussed,includingrental/leasingarrangements,tenant'srentdeduction,landlord'sincome,leaseacquisitionandcancellation,leaseholdimprovements,andinvestmentcreditconsiderations.Thebookthoroughlyexaminestheactualoperationofrealestate,includingcoverageofoperatingexpensesandtaxes,mixed-useresidences,startupexpensesandrealestatetaxes,plusguidanceonadditionsandimprovements,depreciation,developmentandrelatedissues.Anin-depthfocusonpassiveactivitylossrulesisincluded,aswellasaseparatesectionanalyzinghomeownerissues.Finally,thedispositionofrealestateiscovered,alongwithaspecialdiscussiondealingwithsecuritizedrealestateinvestments.