The Augusta Rule seems like a slick way to write off a “business expenses.” Not sure how legit this is though to claim a monthly shareholders meeting. I am looking at this from the perspective of having multiple rentals with each as it’s own LLC and having an umbrella S Corp over them. My guess is the S Corp would need its own address. I would guess a PO BOX would not suffice.
The Augusta Rule
What is the Augusta Rule? The Augusta Rule lets homeowners rent their home for up to 14 days per year without needing to report that rental income on their individual tax return. This rule applies to any taxpayer who owns a home in the United States as long as your home is not your primary place of business.
The Augusta Rule
What is the Augusta Rule? The Augusta Rule lets homeowners rent their home for up to 14 days per year without needing to report that rental income on their individual tax return. This rule applies to any taxpayer who owns a home in the United States as long as your home is not your primary place of business.
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