Video Tips: Take Advantage of the Augusta Rule

The Augusta Rule, officially rooted in Section 280A(g) of the Internal Revenue Code, allows homeowners to rent out their personal residence for up to 14 days per year without needing to report the rental income. This rule's name and origin are tied to the renowned Masters Golf Tournament held in Augusta, Georgia, a small town with very limited overnight accommodations. During this event, homeowners in Augusta frequently rent out their properties to accommodate the influx of visitors.

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