Duncan Kelm, Arrow Point Tax – Strategic Tax Planning & Tax Mitigation Strategies | #393
The Meb Faber Show - Better Investing
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What's the Difference Between a Nest and a Home?
The fact we're in taxes on right now, are about to be, is a good thing. You can only do it one time, so if you do it all this year, then that's it. Your company, as long as it's not a sole proprietorship, can rent your primary residence from yourself. Essentially that's a rental expense. The check would move to your bank account or your trust whatever. But the really big benefit is when you own your companyn as long as you document it, correctly,. And there's actually a reasonable and justifiable reason that you would have for renting your primary residence.
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