Mike Koenigs explains the Augusta Rule, which lets business owners rent their home to their business for 14 days a year tax-free. You need proper documentation to claim the deduction.
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The Augusta rule allows you to rent your residence for 14 days a year, tax free. Why? It applies to business owners as you as a business owner can actually rent your residence to your business. Sounds crazy, but you can do this. It's been in the tax code for over 50 years and it allows you to reduce your income in the business and then to receive the income 100% tax free. 80 or 90% of the reason why business owners cannot actually get the deductions they try for with some of these creative strategies is because they don't get their paperwork right. You have to get that right. If it's not documented, it doesn't exist.