13min chapter

Stimulus - Learn Tools to Crush It in Your Medical Career cover image

Tax Secrets Every Doctor Should Know

Stimulus - Learn Tools to Crush It in Your Medical Career

CHAPTER

Maximizing Tax Benefits with Rental Strategies

This chapter explores tax strategies for homeowners utilizing personal residences as rental properties, focusing on the 14-day rental rule, also known as the Augusta rule. It provides practical examples and advice on creating rental agreements while ensuring compliance with tax regulations to reap potential financial benefits. The discussion also highlights the importance of proper documentation and clear allocation between personal and business expenses to avoid IRS scrutiny.

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