The Real Estate Investor and the Federal Income Tax (Real Estate For Professional Practitioners: A Wiley Series)

Presents the tax implications of buying, owning, or selling real estate for personal use or as a business or investment venture. Completely revised to reflect the latest changes in the tax laws. Offers numerous tax-savings strategies and ``tax-trap alerts'', as well as tax avoidance opportunities for both personal-use and investment properties. Examines the tax consequences of mortgage financing, capital gains, limited partnership, and incorporation.