Tue May 07 2024, by Tyler Gardner

Rental IncomeAugusta RuleTax StrategiesBusiness ExpensesOffice Parties

Tyler? Yep.

Looks like you made $28,000 from your rental income this year?

Yep.

So you owe us?

Nothing.

Nobody owes us nothing.

$14,000 of that was from our renting out our home in Malibu for two weeks. Augusta Rule.

Well, you owe us on the other $14,000.

Oh, no. I actually claimed that original $14,000 as a business expense because I rented out my home in Malibu to my business for our office parties.

Two weeks of office parties? A tradition like no other. Or traditions.

Source