Rent Your House Tax Free - The Augusta Rule
In this video, I talk about how you can rent out your house tax free! It's something called the Augusta Rule. Yes, it's more complicated than it sounds but that's why I talk about the qualifications, the limit of days, and everything else you need to know in order to pull this off.
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This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.
• Rent Your House Tax Fr...
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thanks!
What if you live in Cherokee County, GA where they passed a requirement of short term rental permit to cash in on anyone doing AirBNB at all during the year? 25% tax increases (average homesteaded resident, can be higher) multiple years and counting. Manhattan, NYC eventually passed the same rule I think.
My husband is a truck driver and uses our driveway to perform oil changes and wash the tractor.....can we use the Augusta rule?
Have a nice day