Whether you own just your house or a condo, or perhaps millions of dollars worth of investment real estate, you will benefit from studying "Tax Secrets of Millionaire Real Estate Investors" by attorney Richard T. Williamson. Although I know most of the real estate tax saving tactics, I learned many new strategies that are little known. Williamson writes in an easy-to-understand style, considering he's a lawyer. The book begins with the tax basics for investors, then progresses to more sophisticated investment strategies, such as tax-free trading of investment property for management-free tenancy-in-common (called TICs) investments. Purchase Bob Bruss reports online. Although the book is written primarily for real estate investors, homeowners and heirs who inherit property will also benefit. Williamson's explanation of "stepped-up basis" for inherited real estate and how to maximize tax savings is especially profitable reading. However, there isn't a word about the benefits of holdi...
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