The Augusta rule, is also known as the Master's exception, is Section 280A(g) of the Internal Revenue Code. This tax code section allows homeowners in any income bracket to exclude up to 14 days of rental income from their taxable income.
If you have a question, please drop them in the comments down below or head over to our website www.askacpa.co
Thanks for watching!
Connect with Brett Philips, CPA
Website – www.PSCDFW.com
E-mail – [email protected]
Linkedin – www.linkedin.com/in/brett-philips-CPA
Twitter - / brettphilips
Small Business Guide to QuickBooks Online - https://tinyurl.com/bdcsrsh5
Music provided by Argofox: A Himitsu - Adventures • A Himitsu - Adventures [Royalty Free Music]
#askacpa #cpa #llc #BusinessTaxDeductions #taxdeductions #rentalproperty #independentcontractor #smallbusiness #quickbooks #intuit #tax #taxdeduction #1099 #w2s #employees #irs #assetprotectionplanning