For Business Meetings Under the Augusta Rule, Can I Use Personal Furniture?
Question: Under the Augusta Rule, do I need to rent business furniture, such as tables and chairs, or can I use my owner personally-owned furniture?
Answer: The “Augusta Rule” is a tax deduction for business owners. The rule (Section 280A) allows homeowners to lease their homes for up to 14 days per year, the income of which is tax-free. Business owners who are also homeowners are generally eligible to lease their home to their business for market rate. As a business owner, you may hold annual, quarterly, or other business meetings and conferences at your home. Under the Augusta Rule, the tenant (e.g., your business) has access to the same furniture and appliances you make available to individuals tenants, such as those you find might find on short-term rental sites like Airbnb and VRBO.
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