#414 The Home Office Deduction
Main Street Business
00:00
The Augusta Rule, Renting Out Your Home
The IRS says if you want to rent out your personal home, this is where it all happened. Back in Augusta, Georgia, when the Masters was a big deal,. It's been around for about 80 years. The IRS under the Paper Work Reduction Act said, hey, if you only rent out your house for 14 days or less, we don't need to hear about it. You are not committing tax fraud if you don't claim that income. So under two weeks, rent the hell out of your house. We don't care.
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