A
- Accelerated Cost Recovery System (ACRS), MACRS Depreciation
-
- (see also Modified Accelerated Cost Recovery System (MACRS))
- Effective date, Depreciation Methods
- Accounting methods
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- Accrual method, Accrual method.
- Cash method, Cash method.
- Change of method, Changing your accounting method.
- Constructive receipt of income, Cash method., More information.
- Accrual method taxpayers, Accrual method.
- ACRS (Accelerated Cost Recovery System)
-
- Effective date, Depreciation Methods
- Active participation, Active participation.
- Activities not for profit, Duplex.
- Additions to property, Additions or improvements to property.
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- (see also Improvements)
- Basis, Increases to basis., Additions or improvements.
- MACRS recovery period, Additions or improvements to property.
- Adjusted basis
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- MACRS depreciation, Adjusted Basis
- Adjusted gross income (AGI)
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- Modified (see Modified adjusted gross income (MAGI))
- Advance rent, Advance rent.
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- Security deposits, Security deposits.
- Advertising, Types of Expenses
- Allocation of expenses
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- Change of property to rental use, Payments added to capital account.
- How to divide expenses, Dividing Expenses
- Part of property rented, Renting Part of Property, How to divide expenses.
- Personal use of rental property, Personal use of rental property., Personal Use of Dwelling Unit (Including Vacation Home)
- Alternative Depreciation System (ADS)
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- Election of, Electing ADS
- MACRS, MACRS Depreciation, Table 2-2d.
- Alternative minimum tax (AMT)
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- Accelerated depreciation methods, Alternative minimum tax (AMT).
- Amended returns, Filing an amended return.
- Apartments
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- Basement apartments, Examples.
- Dwelling units, Dwelling unit.
- Appraisal fees, Settlement fees and other costs.
- Assessments for maintenance, Assessments for local improvements.
- Assessments, local (see Local assessments)
- Assistance (see Tax help)
- Assumption of mortgage, Assumption of a mortgage.
- Attorneys' fees, Settlement fees and other costs., Increases to basis.
- Automobiles
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- MACRS recovery periods, Property Classes Under GDS
B
- Basis
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- Adjusted basis, Adjusted Basis
- Assessments for local improvements, Assessments for local improvements.
- Basis other than cost, Basis Other Than Cost
- Cost basis, Cost Basis
- Decreases to, Decreases to basis.
- Deductions
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- Capitalization of costs vs., Deducting vs. capitalizing costs.
- Not greater than basis, Cost or Other Basis Fully Recovered
- Fair market value, Fair market value.
- Increases to, Increases to basis.
- MACRS depreciable basis, Basis of Depreciable Property
- Property changed to rental use, Basis of Property Changed to Rental Use
C
- Capital expenditures
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- Deductions vs. effect on basis, Deducting vs. capitalizing costs.
- Local benefit taxes, Local benefit taxes.
- Mortgages, payments to obtain, Expenses paid to obtain a mortgage.
- Cars
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- MACRS recovery periods, Property Classes Under GDS
- Cash method taxpayers, Cash method.
- Casualty losses, Exception for Rental Real Estate With Active Participation
- Change of accounting method, Changing your accounting method.
- Charitable contributions
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- Use of property, Donation of use of the property.
- Cleaning and maintenance, Types of Expenses
- Closing costs, Settlement fees and other costs.
- Commissions, Types of Expenses
- Computers
-
- MACRS recovery periods, Property Classes Under GDS
- Condominiums, Condominiums, Dwelling unit.
- Constructive receipt of income, Cash method., More information.
- Cooperative housing, Cooperative apartments., Cooperatives, Dwelling unit.
- Cost basis, Cost Basis
- Credit reports, Settlement fees and other costs.
- Credits
-
- Residential energy credit before 1986, Decreases to basis.
D
- Days of personal use, What is a day of personal use?
- Days used for repairs and maintenance, Days used for repairs and maintenance.
- Deductions
-
- Capitalizing costs vs. effect on basis, Deducting vs. capitalizing costs.
- Depreciation (see Depreciation)
- Limitations on, Form 4562.
- Passive activity losses (see Passive activity)
- Depreciation, Depreciation of Rental Property, Changing your accounting method.
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- Alternative Depreciation System (ADS) (see Modified Accelerated Cost Recovery System (MACRS))
- Basis (see Basis)
- Change of accounting method, Changing your accounting method.
- Change of property to rental use, Property Changed to Rental Use
- Claiming correct amount of, Claiming the Correct Amount of Depreciation
- Declining balance method, Depreciation Methods
- Duration of property expected to last more than one year, What Rental Property Can Be Depreciated?
- Eligible property, What Rental Property Can Be Depreciated?
- First-year expensing, Section 179 deduction.
- MACRS (see Modified Accelerated Cost Recovery System (MACRS))
- Methods, Depreciation Methods, Figuring Your Depreciation Deduction
- Ownership of property, What Rental Property Can Be Depreciated?, Property you own.
- Rental expense, Depreciation.
- Rented property, Rented property.
- Section 179 deduction, Section 179 deduction.
- Special depreciation allowances, Claiming the Special Depreciation Allowance
- Straight line method, Depreciation Methods
- Useful life, What Rental Property Can Be Depreciated?, Property having a determinable useful life.
- Vacant rental property, Vacant rental property.
- Discount, bonds and notes issued at (see Original issue discount (OID))
- Dividing of expenses (see Allocation of expenses)
- Dwelling units
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- Definition, Dwelling unit.
- Fair rental price, Fair rental price.
- Personal use of, Personal Use of Dwelling Unit (Including Vacation Home), What is a day of personal use?
F
- Fair market value (FMV), Fair market value.
- Fair rental price, Dividing Expenses, Fair rental price.
- Fees
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- Loan origination fees, Points, Settlement fees and other costs.
- Points (see Points)
- Settlement fees and other costs, Settlement fees and other costs.
- Tax return preparation fees, Legal and other professional fees.
- First-year expensing, Section 179 deduction.
- Form 1040
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- Not rented for profit income, Where to report.
- Part of property rented, Renting Part of Property
- Rental income and expenses, Reporting Rental Income, Expenses, and Losses
- Schedule E, Schedule E (Form 1040)
- Form 1098
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- Mortgage interest, Form 1098, Mortgage Interest Statement.
- Form 4684
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- Casualties and thefts, How to report.
- Form 4797
-
- Sales of business property, How to report.
- Form 8582
-
- Passive activity losses, Form 8582., Form 8582 not required.
- Free tax services, How To Get Tax Help
H
- Help (see Tax help)
- Home
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- Main home, Main home.
- Use as rental property (see Use of home)
I
- Improvements, Table 1-1.Examples of Improvements
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- (see also Repairs)
- Assessments for local improvements, Assessments for local improvements.
- Basis, Increases to basis., Additions or improvements.
- Depreciation of rented property, Rented property.
- MACRS recovery period, Additions or improvements to property.
- Insurance, Types of Expenses
-
- Casualty or theft loss payments, Decreases to basis.
- Change of property to rental use, Property Changed to Rental Use
- Fire insurance premiums, cost basis, Settlement fees and other costs.
- Part of property rented, Renting Part of Property
- Premiums paid in advance, Insurance premiums paid in advance.
- Title insurance, cost basis, Settlement fees and other costs.
- Interest payments, Interest expense.
-
- (see also Mortgages)
- Loan origination fees, Points
- Rental expenses, Types of Expenses
L
- Land
-
- Cost basis, Separating cost of land and buildings.
- Depreciation, Land.
- Leases
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- Cancellation payments, Canceling a lease.
- Equipment leasing, Rental of equipment.
- Limits
-
- Passive activity losses and credits, Passive Activity Limits
- Rental losses, Limits on Rental Losses
- Loans
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- Assumption fees, Settlement fees and other costs.
- Charges connected with getting or refinancing, cost basis, Settlement fees and other costs.
- Low or no interest, Loans with low or no interest.
- Origination fees, Points
- Local assessments, Assessments for local improvements.
- Losses (see Gains and losses)
M
- Missing children, photographs of, Reminders
- Modified Accelerated Cost Recovery System (MACRS), MACRS Depreciation, Figuring MACRS Depreciation Under ADS
-
- Additions or improvements to property, Additions or improvements to property.
- Adjusted basis, Adjusted Basis
- Alternative Depreciation System (ADS), MACRS Depreciation, Figuring MACRS Depreciation Under ADS
- Basis other than cost, Basis Other Than Cost
- Conventions, Conventions
- Cost basis, Cost Basis
- Depreciable basis, Basis of Depreciable Property
- Effective date, Depreciation Methods
- Excluded property, Excluded Property
- General Depreciation System (GDS), MACRS Depreciation, Property Classes Under GDS, Figuring Your Depreciation Deduction
- Nonresidential rental property, Property Classes Under GDS
- Property used in rental activities (Table 2-1), Table 2-1.MACRS Recovery Periods for Property Used in Rental Activities
- Recovery periods, Table 2-1.MACRS Recovery Periods for Property Used in Rental Activities, 5-, 7-, or 15-year property.
- Residential rental property, Property Classes Under GDS, Residential rental property.
- Special depreciation allowances, Claiming the Special Depreciation Allowance
- Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI).
- More information (see Tax help)
- Mortgages, Expenses paid to obtain a mortgage.
-
- Assumption of, cost basis, Assumption of a mortgage.
- Change of property to rental use, Property Changed to Rental Use
- End of, OID, Loan or mortgage ends.
- Interest, Interest expense., Property Changed to Rental Use, Renting Part of Property
- Mortgage insurance premiums, Settlement fees and other costs.
- Part of property rented, Renting Part of Property
P
- Part interest
-
- Expenses, Part interest.
- Income, Part interest.
- Passive activity
-
- Maximum special allowance, Maximum special allowance.
- Personal property
-
- Rental income from, Property or services.
- Personal use of rental property, Payments added to capital account., Personal Use of Dwelling Unit (Including Vacation Home)
-
- (see also Property changed to rental use)
- Placed-in-service date, Placed in Service
- Points, Types of Expenses, Points, Settlement fees and other costs.
- Pre-rental expenses, Pre-rental expenses.
- Principal residence (see Home)
- Profit, property not rented for, Duplex.
- Property changed to rental use, Payments added to capital account.
-
- Basis, Basis of Property Changed to Rental Use
- Publications (see Tax help)
R
- Real estate professionals, Real estate professionals.
- Real estate taxes, Real estate taxes.
- Real property trades or businesses, Real property trades or businesses.
- Recordkeeping requirements
-
- Travel and transportation expenses, Local transportation expenses., Travel expenses.
- Recovery periods, Property Classes Under GDS
- Rent, Settlement fees and other costs.
-
- Advance rent, Advance rent.
- Fair price, Fair rental price.
- Rental expenses, Rental Expenses
-
- Advertising, Types of Expenses
- Allocation between rental and personal uses, Dividing Expenses
- Change of property to rental use, Property Changed to Rental Use
- Cleaning and maintenance, Types of Expenses
- Commissions, Types of Expenses
- Depreciation, Depreciation.
- Dwelling unit used as home, Dwelling Unit Used as a Home
- Equipment rental, Rental of equipment.
- Home, property also used as, Rental of property also used as your home.
- Improvements, Table 1-1.Examples of Improvements
- Insurance, Types of Expenses, Insurance premiums paid in advance.
- Interest payments, Types of Expenses, Interest expense.
- Local transportation expenses, Types of Expenses, Local transportation expenses.
- Part of property rented, Renting Part of Property
- Points, Types of Expenses, Points
- Pre-rental expenses, Pre-rental expenses.
- Rental payments, Types of Expenses
- Repairs, Types of Expenses, Repairs and Improvements
- Sale of property, Vacant while listed for sale.
- Tax return preparation fees, Legal and other professional fees.
- Taxes, Types of Expenses
- Tenant, paid by, Expenses paid by tenant.
- Travel expenses, Types of Expenses
- Utilities, Types of Expenses
- Vacant rental property, Vacant rental property.
- Rental income
-
- Advance rent, Advance rent.
- Cancellation of lease payments, Canceling a lease.
- Dwelling unit used as home, Dwelling Unit Used as a Home
- Lease with option to buy, Lease with option to buy.
- Not rented for profit, Not Rented for Profit
- Part interest, Part interest.
- Property received from tenant, Property or services.
- Reporting, Accrual method., Which Forms To Use
- Security deposit, Security deposits.
- Services received from tenant, Property or services.
- Uncollected rent, Uncollected rent.
- Used as home, Rental of property also used as your home.
- Rental losses, Exception for Rental Real Estate With Active Participation
-
- (see also Gains and losses)
- (see also Passive activity)
- Repairs, Types of Expenses, Repairs and Improvements
-
- (see also Improvements)
- Assessments for maintenance, Assessments for local improvements.
- Personal use of rental property exception for days used for repairs and maintenance, Days used for repairs and maintenance.
S
- Sale of property
-
- Expenses, Vacant while listed for sale.
- Gain or loss, Sale of rental property., How to report.
- Main home, Sale of main home used as rental property.
- Section 179 deductions, Section 179 deduction.
- Security deposits, Security deposits.
- Settlement fees, Settlement fees and other costs.
- Shared equity financing agreements, Shared equity financing agreement.
- Special depreciation allowances, Claiming the Special Depreciation Allowance
- Spouse
-
- Material participation, Participating spouse.
- Standard mileage rates, Local transportation expenses.
- Surveys, Settlement fees and other costs.
T
- Tables and figures
-
- Improvements, examples of (Table 1-1), Table 1-1.Examples of Improvements
- MACRS optional tables (Table 2-2d), Table 2-2d.
- MACRS optional tables (Tables 2-2a, 2-2b, and 2-2c), Tables 2-2a, 2-2b, and 2-2c.
- MACRS recovery periods for property used in rental activities (Table 2-1), Table 2-1.MACRS Recovery Periods for Property Used in Rental Activities
- Tax credits
-
- Residential energy credit allowed before 1986, effect on basis, Decreases to basis.
- Tax help, How To Get Tax Help
- Tax return preparation fees, Legal and other professional fees.
- Taxes
-
- Deduction of, Types of Expenses
- Local benefit taxes, Local benefit taxes.
- Real estate taxes, Real estate taxes.
- Transfer taxes, Settlement fees and other costs.
- Taxpayer Advocate, Taxpayer Advocate Service.
- Theft losses, Theft.
- Title insurance, Settlement fees and other costs.
- Transfer taxes, Settlement fees and other costs.
- Travel and transportation expenses
-
- Local transportation expenses, Types of Expenses, Local transportation expenses.
- Recordkeeping, Travel expenses.
- Rental expenses, Types of Expenses
- Standard mileage rate, Local transportation expenses.
- TTY/TDD information, How To Get Tax Help
