Publication 527 (2008), Residential Rental Property

Alternative Depreciation System (ADS) (see Modified Accelerated Cost Recovery System (MACRS))
Basis (see Basis)
MACRS (see Modified Accelerated Cost Recovery System (MACRS))

Depreciation:

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.
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:

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, Dwelling Unit Used as a Home

E

Easements, Decreases to basis.
Equipment rental expense, Rental of equipment.
Expenses (see Rental expenses)

F

Fair market value (FMV), Fair market value.

Fair rental price, Fair rental price., Dividing Expenses

Fees

Points (see Points)

Fees:

Loan origination fees, Points, Settlement fees and other costs.
Settlement fees and other costs, Settlement fees and other costs.
Tax return preparation fees, Types of Expenses, Tax return preparation fees.

First-year expensing, Section 179 deduction.

Form 1040:

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:

Mortgage interest, Form 1098.

Form 4684:

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

G

Gains and losses:

At-risk rules, At-Risk Rules
Casualty and theft losses, Form 8582 not required.
Limits on rental losses, Form 4562.
Passive activity losses, Passive Activity Limits
Rental real estate activities, Exception for Rental Real Estate With Active Participation
Sale of rental property, Sale of rental property., How to report.

General depreciation system (GDS) (see Modified Accelerated Cost Recovery System (MACRS))

H

Help (see Tax help)

Home

Use as rental property (see Use of home)

Home:

Main home, Main home.

I

Improvements, Improvements.,

Improvements:,

(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.

Indian reservation property, Qualified Indian reservation property.

Insurance, Types of Expenses

Insurance:

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:

Cancellation payments, Canceling a lease.
Equipment leasing, Rental of equipment.

Limits:

Passive activity losses and credits, Passive Activity Limits
Rental expense deductions, Limit on Deductions
Rental losses, Limits on Rental Losses

Loans:

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

Minimal rental use exception, Exception for Minimal Rental Use

Missing children, photographs of, Reminder

Modified Accelerated Cost Recovery System (MACRS), MACRS Depreciation, Figuring MACRS Depreciation Under ADS

Modified Accelerated Cost Recovery System (MACRS):

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.

Mortgages:

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

N

Nonresidential real property, Property Classes Under GDS
Not-for-profit activities, Duplex.

O

Original issue discount (OID), Points, Loan or mortgage ends.

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, Personal Use of Dwelling Unit (Including Vacation Home), Days Used for Repairs and Maintenance

Personal use of rental property:, Payments added to capital account.

(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.

Property changed to rental use:

Basis, Basis of Property Changed to Rental Use

Publications (see Tax help)

R

Real estate professionals, Real estate professional.

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.

Rent:

Advance rent, Advance rent.
Fair price, Fair rental price.

Rental expenses, 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, 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, Repairs.
Sale of property, Vacant while listed for sale.
Tax return preparation fees, Types of Expenses, Tax return preparation 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

Uncollected rent, Uncollected rent.

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.
Minimal rental use exception, Exception for Minimal Rental Use
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.
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, Repairs.

Repairs:, 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.

Suggestions for publication, Comments and suggestions.

Surveys, Settlement fees and other costs.

T

Tables and figures:

Improvements, examples of (Table 1-1),
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: