
Stephen Fishman's "Every Landlord’s Tax Deduction Guide" offers comprehensive guidance for residential rental property owners on navigating federal income tax laws. The book focuses on maximizing tax deductions, covering topics such as rental income, operating expenses, depreciation, and potential losses. It explains various IRS rules and regulations, including those related to repairs versus improvements, home office deductions, and passive loss limitations. Furthermore, the guide addresses different aspects of rental property ownership that affect taxation, such as business versus investor status and the implications of hiring workers. The text aims to equip landlords with the knowledge to understand their tax obligations and legally reduce their tax liability.
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