This video takes all you've learned in the first three episodes of this series and uses that knowledge to complete a Schedule E. You'll find out where all the income and expense items are listed on the Schedule, and how to figure out profit (or loss) for each rental property.
Other videos on rental property:
Rental Income: [ Ссылка ]
Rental expenses: [ Ссылка ]
Rental property depreciation and amortization: [ Ссылка ]
Rental Loss Limitations: [ Ссылка ]
Selling Rental Property: [ Ссылка ]
Additional resources and information:
IRS Publication 946 "How to Depreciate Property": [ Ссылка ]
IRS Form 4562 "Depreciation and Amortization": [ Ссылка ]
IRS Publication 527: "Residential Rental Property": [ Ссылка ]
IRS Schedule E: "Supplemental Income and Loss": [ Ссылка ]
If you want to know the every day basics of how to be a landlord, web articles aren't going to help much. However, there are dozens of books on the subject available at Amazon.com, your local bookstore, or your local library.
The book I've used is: The Weekend Landlord, by Joseph A. Landon, 2006. It was in its 2nd edition when I bought it, but it may've been updated since then. It is still available through Amazon, if you're interested.
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Image Attribution:
Wikimedia Commons (C.C-S.A. 2.0-4.0)
NatGeoLover
Joe Ravi
Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library
Background and Outro Music: George Street Shuffle, Kevin McLeod, [ Ссылка ] via YouTube Audio Library
DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or investment professional.
The tax information in this video is based on tax law and IRS regulations in place when this video was published, and is subject to the whims of Congress.
