The First-Time Homeowner's Tax Guide: An Essential Guide to Preparing Your Tax Return for a Maximum Refund

By Robert Balducci, Robert Balducci CPA, Robert L. Balducci

For many, nothing is as nerve-racking as buying your first home - that is, until it is to time prepare your taxes for the first time after the purchase. Mortgage interest deductions, property tax deductions, closing costs, depreciation, itemizations and Schedule A are all terms that the new owner may be completely unfamiliar with. The First Time Homeowner's Tax Guide can help.This tax guide explains all the rules associated with home ownership when preparing your tax return, with instructions for completing the necessary forms. It focuses on the changes most new homeowners will face when having the ability to now deduct home mortgage interest and property taxes from their individual tax return, and takes the new homeowner through the process step-by-step. Plus, in addition to helping the first-time buyer, it helps the first-time seller with the special capital gains rules of selling a home, as well as giving crucial tax advice tothe first-time real estate investor.

• Format: Paperback
• Language: English
• ISBN: 1572486457
• ISBN13: 9781572486454
• Release Date: January 2007
• Publisher: Sphinx Pub
• Length: 198 Pages
• Weight: 0.74 lbs.
• Dimensions: 9.0" x 0.5" x 6.0"

Customer Reviews

Very Helpful, Indeed!

This book is unbelievably helpful. We are about to purchase our new house and for those homeowners out there, I have come to believe that this is really not an easy process. This book has read my mind. I'm always looking to see if any of my expenses will actually help me in the end. Yes, to see if it's tax deductible. My husband knows me by now and supports me in my crazy thinking that everything is tax deductible. I'm sharing this book with the rest of my family and friends but need to buy the book on their own :-). This book could not have come in a much better time. Thank you Mr. Tax!