The Augusta Rule lets you rent out your home for up to 14 days per year—tax-free! The key is to make sure the rental is at fair market value and carefully document everything to support it as a legitimate business expense.
Thinking of leveraging this for your business? Make sure it’s all documented correctly. Follow for more strategies and tips from a tax attorney.
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Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at [ Ссылка ]
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