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Ask The Accountant: Live Q&A with Tom Wheelwright

Wealthion - Be Financially Resilient

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Air B and Bees - What Can You Get Away With Deductions On?

In order to get full deductions, that means depreciation deductions. You can only use personally the property up to the lesser of 30 days or 10% of the amount of time you rented out. If you only rent it for 14 days or less, you don't have to pick up any of the income. That's called the gust rule because of the master's tournament in gusta, Georgia.

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