Augusta Rule - how to do it right! Which basically means you issue yourself a 1099-MISC form from the business to you personally (social) and you pick up as rental income on your personal tax return, using a schedule E. And on same form you add a deduction with the words Augusta Rule Section 280(a)! And now the IRS will understand what your tax position was. #augustarule #taxstrategies #1099
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Augusta Rule - how to do it right! Which basically means you issue yourself a 1099-MISC form from the business to you personally (social) and you pick up as rental income on your personal tax return, using a schedule E. And on same form you add a deduction with the words Augusta Rule Section 280(a)! And now the IRS will understand what your tax position was. #augustarule #taxstrategies #1099
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