The Augusta Rule: 14 days, $21,000 deduction, zero tax on rent received

The Augusta Rule: 14 days, $21,000 Deduction,
Zero Tax on Rent Received

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You own a corporation or partnership. You also own your home. Those two facts together create a tax opportunity most business owners never use.

Rent your home to your business for 14 days or less, and the rent you receive is completely tax-free—while your corporation or partnership deducts the full payment as a business expense.

Here’s the hard fact: At a fair rental of $1,500 per day, a 14-day rental puts a $21,000 deduction on your corporate return—and $21,000 in tax-free income in your pocket.

Read: How the Augusta Rule Turns Home Rental into Tax-Free Income