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We’re back with Pajama Gems 💎

So, you may have heard of the home office deduction that allows you to write off up to 300 sq ft of your workspace in your home but have you heard of the Section 280a Augusta Rule deduction that allows you to rent your residence (primary, secondary, or vacation) to your business for 14 days per calendar year? 

In order to take advantage of this deduction you would have to own the property, your business must be taxed as a S Corp, C Corp, or Partnership, can NOT exceed 14 days, & there must be a true business purpose for rental of the property. Some possible ideas would be business meetings, masterminds, video or audio work.

So here’s a few additional facts: 

✨The rental price must be reasonable and comparable to other venues/rentals in the area 

✨Take Things To Rent Out For Money, Tax Preparer Business, Business Binders, Business Tax Deductions, Tax Preparer, Small Business Funding, Business Strategy Management, Llc Business, Money Saving Methods

Pinterest video from itsprincessunique: We’re back with Pajama Gems 💎 So, you may have heard of the home office deduction that allows you to write off up to 300 sq ft of your workspace in your home but have you heard of the Section 280a Augusta Rule deduction that allows you to rent your residence (primary, secondary, or vacation) to your business for 14 days per calendar year? In order to take advantage of this deduction you would have to own the property, your business must be taxed as a S Corp, C Corp, or Partnership…

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Calling all first-time landlords! 🏠✨ Discover these essential tips to set yourself up for success in the rental game. From tenant screening to lease agreements, these 7 tips will guide you through the exciting journey of being a landlord. Get ready to rock your rental business like a pro! 💪💼 Tenant Screening Questions, Landlord Tips Rental Property House, Landlord Tips Rental Property, Rental Portfolio, Rental Property Tips, Landlord Tips, Real Estate Investing Rental Property, Buying Investment Property, Real Estate Contract

Calling all first-time landlords! 🏠✨ Discover these essential tips to set yourself up for success in the rental game. From tenant screening to lease agreements, these 7 tips will guide you through the exciting journey of being a landlord. Get ready to rock your rental business like a pro! 💪💼

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