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Augusta Rule

Original price was: $20.00.Current price is: $10.00.

General infromation:

The Augusta rule, as defined by IRC Section 280A(g), states that if a dwelling unit (a space where one or more people live, and is typically self-contained with its own entrance, kitchen, and bathroom) is used as a residence by a taxpayer and is rented for less than 15 days during the tax year you don’t have to report the rental income.If the owner or renter of a house rents the property to their corporation, for less than 15 days in a year, the rental income is not taxable.

 

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Description

General infromation:

The Augusta rule, as defined by IRC Section 280A(g), states that if a dwelling unit (a space where one or more people live, and is typically self-contained with its own entrance, kitchen, and bathroom) is used as a residence by a taxpayer and is rented for less than 15 days during the tax year you don’t have to report the rental income.

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#4

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