Mike MilliganFounder and CEO, 1.oak Financial · Founder and CEO, 1.oak Financial

The 14-Day Rental Secret: Turn Your Home Into a Business Expense

5 May 2026 · 1 min

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In this segment, Mike Milligan explains the IRS 14‑day rental rule, which allows a homeowner who is also a business owner to rent their personal residence to their own business for up to 14 days per year without reporting the income as taxable. He emphasizes that the days need not be consecutive and can be used for mastermind sessions, client gatherings, or as a substitute for renting conference space. Milligan notes that while a specific compliance structure is required, the strategy can move substantial cash from a business to the owner tax‑free; he cites a 2024 example where he and his wife extracted $192,000 from their businesses using this method.

Chapters

So for 14 days a year, they rent their house out and it's tax-free. Okay? As a business owner, you can do the same thing. You can rent your home out for 14 days a year. It doesn't have to be consecutive like the Masters. You could have 14 mastermind sessions at your house. You could have 14 client parties at your house. If you have contract employees, have, instead of going to rent a conference room or going offsite where you're spending a lot of money to rent, rent your home out and you can take money from your business into your personal name tax-free. There's some, there's some structure around that that you have to do, but it, it is amazing way. Like in 2024, my wife and I were able to get $192,000 out of our businesses.