IRC 280A (g)(2) The "Augusta" Rule [renting out home]

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Chairman
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Joined: Wed May 30, 2018 5:45 pm

IRC 280A (g)(2) The "Augusta" Rule [renting out home]

Post by Chairman » Fri Jun 01, 2018 3:31 pm

Hello Everyone,
I have been following all the great "discussions" for many years but this is my first post. Has anyone used the IRC 280A (g)(2) to rent their primary residence to their S-corp for 14 days or less? The code is sometimes referred to as the "Augusta" rule, where residents of Augusta,Georgia, rent their homes out during the Master's Golf Tournament to visitors to the golfing event and pay no income taxes on the rent received.

Thanks,
Chairman

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