Publication 527 - Introductory Material
This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
Special depreciation allowance. You can take a special depreciation allowance (in addition to your regular MACRS depreciation deduction) for qualified Gulf
Opportunity Zone (GO
Zone) property. See Special Depreciation Allowance, under Depreciation, later, for more information.
Photographs of missing children. The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of
missing children
selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children
home by looking at the
photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.
This publication discusses rental income and expenses, including depreciation, and explains how to report them on your return.
It also covers
casualty losses on rental property and the passive activity and at-risk rules.
Sale of rental property.
For information on how to figure and report any gain or loss from the sale or other disposition of your rental property,
get Publication 544, Sales
and Other Dispositions of Assets.
Sale of main home used as rental property.
For information on how to figure and report any gain or loss from the sale or other disposition of your main home
that you also used as rental
property, get Publication 523, Selling Your Home.
Comments and suggestions.
We welcome your comments about this publication and your suggestions for future editions.
You can write to us at the following address:
Internal Revenue Service
Individual Forms and Publications Branch
SE:W:CAR:MP:T:I
1111 Constitution Ave. NW, IR-6406
Washington, DC 20224
We respond to many letters by telephone. Therefore, it would be helpful if you would include your daytime phone number,
including the area code, in
your correspondence.
You can email us at
*taxforms@irs.gov. (The asterisk must be included in the
address.) Please put “
Publications Comment” on the subject line. Although we cannot respond individually to each email, we do appreciate your
feedback and will consider your comments as we revise our tax products.
Ordering forms and publications.
Visit
www.irs.gov/formspubs to download forms and publications, call 1-800-829-3676, or write to the address below and receive a response
within 10 business days after your request is received.
National Distribution Center
P.O. Box 8903
Bloomington, IL 61702-8903
Tax questions.
If you have a tax question, visit
www.irs.gov or call 1-800-829-1040. We cannot answer tax questions sent to
either of the above addresses.
Useful Items - You may want to see:
Publication
-
463
Travel, Entertainment, Gift, and Car Expenses
-
534
Depreciating Property Placed in Service Before 1987
-
535
Business Expenses
-
547
Casualties, Disasters, and Thefts
-
551
Basis of Assets
-
925
Passive Activity and At-Risk Rules
-
946
How To Depreciate Property
Form (and Instructions)
-
4562
Depreciation and Amortization
-
5213
Election To Postpone Determination as To Whether the Presumption Applies That an Activity Is Engaged in for Profit
-
8582
Passive Activity Loss Limitations
-
Schedule E (Form 1040)
Supplemental Income and Loss
See How To Get Tax Help at the end of this publication for information about getting these publications and forms.
