Augusta Rule
concept
2 mentions
2 recordings
first heard Jan 2025
last heard Feb 2025
±0 vs the 6 months before
Tax provision allowing home‑rental to a business
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Moments
newest first · ▶ plays the momentRudy MawerLiving The Red Life · The Tax Loopholes You’re Missing - Carter Cofield · 12:41 · Feb 2025
…So that's huge. Yep. And another good one that we've used a lot is I own or rent very expensive places to live on the ocean, you know, penthouses. And we run mastermind events there, VIP days there, staff days there. So we do what's called the Augustus. We use the Augustus rules. So we get, I mean, 11 or 14 days a year. And basically we do comps against the…
Adam TorkildsonProven Podcast · Legally Pay Less Taxes - Adam Torkildson · 16:02 · Jan 2025
…And this is going to be one that the one other caveat is that you must own your residence, whether it's a townhome or single family home, whatever the case may be. You've got to own it or at least be on the title. And this is something called the Augusta strategy. I'm not going to go into the history of why it's called the Augusta strategy, but that's what…
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