And don’t forget the preferable tax treatment for Augusta homeowners! From Hudson Oak Advisors: “ The Masters Rule - which stems from Internal Revenue Code section 280A(g) - is a unique rule in which homeowners that rent out their property for 14 days or less in a tax year are not considered to be engaged in the activity for profit. This means that any rental income received from a property in which it was legitimately used for rental purposes for 14 days or less during a taxable year may be excluded from taxable income for Federal income tax purposes. State rules may differ.”
And don’t forget the preferable tax treatment for Augusta homeowners! From Hudson Oak Advisors: “ The Masters Rule - which stems from Internal Revenue Code section 280A(g) - is a unique rule in which homeowners that rent out their property for 14 days or less in a tax year are not considered to be engaged in the activity for profit. This means that any rental income received from a property in which it was legitimately used for rental purposes for 14 days or less during a taxable year may be excluded from taxable income for Federal income tax purposes. State rules may differ.”