{"id":28959,"date":"2023-05-12T08:00:00","date_gmt":"2023-05-12T13:00:00","guid":{"rendered":"https:\/\/taxprocenter.proconnect.intuit.com\/?p=28959"},"modified":"2023-06-28T13:12:42","modified_gmt":"2023-06-28T18:12:42","slug":"augusta-rule-offers-tax-savings-for-rentals","status":"publish","type":"post","link":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/augusta-rule-offers-tax-savings-for-rentals\/","title":{"rendered":"Augusta Rule offers tax savings for rentals"},"content":{"rendered":"\n

Each spring, the blooming of the color-popping azaleas signals the time for arguably one of the greatest golf tournaments, the Masters. Augusta National Golf Course in Augusta, GA, is host to the first major golf tournament of each season in the first weekend in April.<\/p>\n\n\n\n

More impactful for tax advisors is that the history behind the tournament led to a section of the IRC code that provides for tax-free income. Originally included in Public Law 97-455<\/a> passed in October 1976, Section 280(A)(g) was added to allow personal residences to be rented for 14 days or less with the rental income not includible in gross income.<\/p>\n\n\n\n

As more and more spectators started attending the Masters in the 1970s, they found limited accommodations in the Augusta area; some nearby homeowners saw the opportunity to capitalize on the rental income potential, but not wanting a full-fledged business for such a short period of time. Today, the tax benefit is commonly known as the Augusta Rule, although most business owners can take advantage of the tax savings opportunity if they use a personal residence for limited business purposes.<\/p>\n\n\n\n

Tax savings from the Augusta rule are best taken when planned prior to the deduction. Planning of days and documentation makes using this tax strategy considerably more difficult to substantiate after the rental has occurred. Considering the corresponding regulations that come in to play, what is the practical application?<\/p>\n\n\n\n

    \n
  1. The tax savings opportunity is not available to sole proprietorships or single member LLCs who are disregarded entities. Most businesses that file a tax return separate from inclusion in an individual return are eligible.<\/li>\n\n\n\n
  2. The business rents \u201ca dwelling unit used by the taxpayer as a residence.\u201d Dwelling units include primary personal residences, second homes, vacation properties, apartments, boats, or other types of personal residences. Keep in mind, the home cannot otherwise already be the primary place of business.<\/li>\n\n\n\n
  3. The homeowner can rent the home to the business for 14 days or less. Rentals of 15 days or more do not qualify. The 14 days does not have to be sequential, but can be.<\/li>\n\n\n\n
  4. The business purpose for the use of the personal residence must be documented. Documentation to support the business purpose such as meeting agendas, minutes, attendees, and details of the business conducted, should be maintained. A monthly management business meeting, along with two special functions, would easily reach the total of 14 days.<\/li>\n\n\n\n
  5. The rental rate the business is charged must be a fair rental amount for the location, size, and period rented. Comparable rentals of local similarly sized hotel meeting rooms or local similar properties are needed to support the reasonableness of the rates charged. Consideration can be given to fair rental rates during events as locations, such as a much higher rental rate during the Masters.<\/li>\n\n\n\n
  6. An invoice should be submitted to the business to support the payments made for the rental, detail the days paid and the rental rate.<\/li>\n\n\n\n
  7. The businesses are required to provide a 1099-MISC to an individual paid for rent over $600. The rental income will be included on the individual\u2019s Schedule E as rental income, but then the same rental amount would be claimed as an \u201cother deduction\u201d on Schedule E with the explanation of \u201c280(A)(g) non-taxable income.\u201d Remember no other expenses can be deducted for the rental use.<\/li>\n<\/ol>\n\n\n\n

    Following the guidelines of 280(A) can provide the opportunity for business owners to use their personal residences for business purposes and receive tax free income as a result. Helping your clients plan ahead to take advantage of the Augusta rule is a great tool in your tax advisory<\/a> bag!<\/p>\n\n\n\n

    Editor’s note:<\/strong> This article was originally published in the CPA Practice Advisor<\/a><\/em>. There is a Spanish-translation version<\/a> of this article for review.<\/p>\n","protected":false},"excerpt":{"rendered":"

    In this article by Diana Crawford, CPA, find out more how the Augusta Rule can lower your clients’ tax liability.<\/p>\n","protected":false},"author":144648947,"featured_media":28961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rkv_browse_by_id":0,"rkv_cta_id":0,"rkv_optimize_for_pagespeed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"useModifiedDate":false,"customPublishDate":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[509474089],"tags":[],"intuit_collection":[],"intuit_series":[],"coauthors":[646041728],"class_list":["post-28959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-law-and-news"],"header_image":"","yoast_head":"\nAugusta Rule offers tax savings for rentals - Tax Pro Center | Intuit<\/title>\n<meta name=\"description\" content=\"In this article by Diana Crawford, CPA, find out more how the Augusta Rule can lower your clients' tax liability.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/accountants.intuit.com\/taxprocenter\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Augusta Rule offers tax savings for rentals - Tax Pro Center | Intuit\" \/>\n<meta property=\"og:description\" content=\"In this article by Diana Crawford, CPA, find out more how the Augusta Rule can lower your clients' tax liability.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cpapracticeadvisor.com\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/\" \/>\n<meta property=\"og:site_name\" content=\"Tax Pro Center | Intuit\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/IntuitAccountants\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-12T13:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-28T18:12:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/05\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Crawford, CPA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@IntuitAccts\" \/>\n<meta name=\"twitter:site\" content=\"@IntuitAccts\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Diana Crawford, CPA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.cpapracticeadvisor.com\\\/2023\\\/05\\\/07\\\/augusta-rule-provides-tax-savings-for-real-estate-rentals\\\/79385\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/augusta-rule-offers-tax-savings-for-rentals\\\/\"},\"author\":{\"name\":\"Diana Crawford, CPA\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/person\\\/afb92406022e086c50c594160534239a\"},\"headline\":\"Augusta Rule offers tax savings for rentals\",\"datePublished\":\"2023-05-12T13:00:00+00:00\",\"dateModified\":\"2023-06-28T18:12:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/augusta-rule-offers-tax-savings-for-rentals\\\/\"},\"wordCount\":627,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.cpapracticeadvisor.com\\\/2023\\\/05\\\/07\\\/augusta-rule-provides-tax-savings-for-real-estate-rentals\\\/79385\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg\",\"articleSection\":[\"Tax Law and News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.cpapracticeadvisor.com\\\/2023\\\/05\\\/07\\\/augusta-rule-provides-tax-savings-for-real-estate-rentals\\\/79385\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/tax-law-and-news\\\/augusta-rule-offers-tax-savings-for-rentals\\\/\",\"url\":\"https:\\\/\\\/www.cpapracticeadvisor.com\\\/2023\\\/05\\\/07\\\/augusta-rule-provides-tax-savings-for-real-estate-rentals\\\/79385\\\/\",\"name\":\"Augusta Rule offers tax savings for rentals - Tax Pro Center | Intuit\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.cpapracticeadvisor.com\\\/2023\\\/05\\\/07\\\/augusta-rule-provides-tax-savings-for-real-estate-rentals\\\/79385\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.cpapracticeadvisor.com\\\/2023\\\/05\\\/07\\\/augusta-rule-provides-tax-savings-for-real-estate-rentals\\\/79385\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg\",\"datePublished\":\"2023-05-12T13:00:00+00:00\",\"dateModified\":\"2023-06-28T18:12:42+00:00\",\"description\":\"In this article by Diana Crawford, CPA, find out more how the Augusta Rule can lower your clients' tax liability.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.cpapracticeadvisor.com\\\/2023\\\/05\\\/07\\\/augusta-rule-provides-tax-savings-for-real-estate-rentals\\\/79385\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.cpapracticeadvisor.com\\\/2023\\\/05\\\/07\\\/augusta-rule-provides-tax-savings-for-real-estate-rentals\\\/79385\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.cpapracticeadvisor.com\\\/2023\\\/05\\\/07\\\/augusta-rule-provides-tax-savings-for-real-estate-rentals\\\/79385\\\/#primaryimage\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg\",\"contentUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg\",\"width\":1440,\"height\":600,\"caption\":\"Augusta Rule\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.cpapracticeadvisor.com\\\/2023\\\/05\\\/07\\\/augusta-rule-provides-tax-savings-for-real-estate-rentals\\\/79385\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Augusta Rule offers tax savings for rentals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#website\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\",\"name\":\"Tax Pro Center | Intuit\",\"description\":\"Tax Pro Center\",\"publisher\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\",\"name\":\"Tax Pro Center | Intuit\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Tax_Pro_Center_Logo_Final_large.webp\",\"contentUrl\":\"https:\\\/\\\/taxprocenter.proconnect.intuit.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Tax_Pro_Center_Logo_Final_large.webp\",\"width\":872,\"height\":160,\"caption\":\"Tax Pro Center | Intuit\"},\"image\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/IntuitAccountants\",\"https:\\\/\\\/x.com\\\/IntuitAccts\",\"https:\\\/\\\/www.instagram.com\\\/intuitaccountants\\\/?hl=en\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/intuit-accountants\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/person\\\/afb92406022e086c50c594160534239a\",\"name\":\"Diana Crawford, CPA\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/95ef3d296da70e692f2fb58805cf093ae7147264d8f64b325cce24659c31b4f8?s=96&d=identicon&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/95ef3d296da70e692f2fb58805cf093ae7147264d8f64b325cce24659c31b4f8?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/95ef3d296da70e692f2fb58805cf093ae7147264d8f64b325cce24659c31b4f8?s=96&d=identicon&r=g\",\"caption\":\"Diana Crawford, CPA\"},\"description\":\"Diana Crawford, CPA, is managing partner of Crawford, Merritt & Company, a firm in the Atlanta area that serves unique businesses with unique challenges. She is a business coach who champions her clients to succeed, and a networking titan who has built a firm through relationships. Diana has 30 years' experience in bookkeeping, tax, government auditing and fraud investigations. She has authored and delivered education\\\/certification courses on QuickBooks\u00ae and Intuit ProConnect\u2122 ProSeries\u00ae for Intuit, the North Carolina Association of CPAs, the Georgia Society of CPAs, the U.S. Department of Health and Human Services, and the U.S. Department of Labor. Find Diana on Twitter @DianaCrawford.\",\"sameAs\":[\"http:\\\/\\\/crawfordmerritt.homestead.com\\\/\"],\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/author\\\/dianacrawfordtax\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Augusta Rule offers tax savings for rentals - Tax Pro Center | Intuit","description":"In this article by Diana Crawford, CPA, find out more how the Augusta Rule can lower your clients' tax liability.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/accountants.intuit.com\/taxprocenter\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/","og_locale":"en_US","og_type":"article","og_title":"Augusta Rule offers tax savings for rentals - Tax Pro Center | Intuit","og_description":"In this article by Diana Crawford, CPA, find out more how the Augusta Rule can lower your clients' tax liability.","og_url":"https:\/\/www.cpapracticeadvisor.com\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/","og_site_name":"Tax Pro Center | Intuit","article_publisher":"https:\/\/www.facebook.com\/IntuitAccountants","article_published_time":"2023-05-12T13:00:00+00:00","article_modified_time":"2023-06-28T18:12:42+00:00","og_image":[{"width":1440,"height":600,"url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/05\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg","type":"image\/jpeg"}],"author":"Diana Crawford, CPA","twitter_card":"summary_large_image","twitter_creator":"@IntuitAccts","twitter_site":"@IntuitAccts","twitter_misc":{"Written by":"Diana Crawford, CPA","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.cpapracticeadvisor.com\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/#article","isPartOf":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/augusta-rule-offers-tax-savings-for-rentals\/"},"author":{"name":"Diana Crawford, CPA","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/person\/afb92406022e086c50c594160534239a"},"headline":"Augusta Rule offers tax savings for rentals","datePublished":"2023-05-12T13:00:00+00:00","dateModified":"2023-06-28T18:12:42+00:00","mainEntityOfPage":{"@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/augusta-rule-offers-tax-savings-for-rentals\/"},"wordCount":627,"commentCount":0,"publisher":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization"},"image":{"@id":"https:\/\/www.cpapracticeadvisor.com\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/#primaryimage"},"thumbnailUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/05\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg","articleSection":["Tax Law and News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.cpapracticeadvisor.com\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/augusta-rule-offers-tax-savings-for-rentals\/","url":"https:\/\/www.cpapracticeadvisor.com\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/","name":"Augusta Rule offers tax savings for rentals - Tax Pro Center | Intuit","isPartOf":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cpapracticeadvisor.com\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/#primaryimage"},"image":{"@id":"https:\/\/www.cpapracticeadvisor.com\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/#primaryimage"},"thumbnailUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/05\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg","datePublished":"2023-05-12T13:00:00+00:00","dateModified":"2023-06-28T18:12:42+00:00","description":"In this article by Diana Crawford, CPA, find out more how the Augusta Rule can lower your clients' tax liability.","breadcrumb":{"@id":"https:\/\/www.cpapracticeadvisor.com\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cpapracticeadvisor.com\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cpapracticeadvisor.com\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/#primaryimage","url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/05\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg","contentUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/05\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg","width":1440,"height":600,"caption":"Augusta Rule"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cpapracticeadvisor.com\/2023\/05\/07\/augusta-rule-provides-tax-savings-for-real-estate-rentals\/79385\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxprocenter.proconnect.intuit.com\/"},{"@type":"ListItem","position":2,"name":"Augusta Rule offers tax savings for rentals"}]},{"@type":"WebSite","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#website","url":"https:\/\/accountants.intuit.com\/taxprocenter\/","name":"Tax Pro Center | Intuit","description":"Tax Pro Center","publisher":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/accountants.intuit.com\/taxprocenter\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization","name":"Tax Pro Center | Intuit","url":"https:\/\/accountants.intuit.com\/taxprocenter\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/logo\/image\/","url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/10\/Tax_Pro_Center_Logo_Final_large.webp","contentUrl":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/10\/Tax_Pro_Center_Logo_Final_large.webp","width":872,"height":160,"caption":"Tax Pro Center | Intuit"},"image":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/IntuitAccountants","https:\/\/x.com\/IntuitAccts","https:\/\/www.instagram.com\/intuitaccountants\/?hl=en","https:\/\/www.linkedin.com\/company\/intuit-accountants\/"]},{"@type":"Person","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/person\/afb92406022e086c50c594160534239a","name":"Diana Crawford, CPA","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/95ef3d296da70e692f2fb58805cf093ae7147264d8f64b325cce24659c31b4f8?s=96&d=identicon&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/95ef3d296da70e692f2fb58805cf093ae7147264d8f64b325cce24659c31b4f8?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/95ef3d296da70e692f2fb58805cf093ae7147264d8f64b325cce24659c31b4f8?s=96&d=identicon&r=g","caption":"Diana Crawford, CPA"},"description":"Diana Crawford, CPA, is managing partner of Crawford, Merritt & Company, a firm in the Atlanta area that serves unique businesses with unique challenges. She is a business coach who champions her clients to succeed, and a networking titan who has built a firm through relationships. Diana has 30 years' experience in bookkeeping, tax, government auditing and fraud investigations. She has authored and delivered education\/certification courses on QuickBooks\u00ae and Intuit ProConnect\u2122 ProSeries\u00ae for Intuit, the North Carolina Association of CPAs, the Georgia Society of CPAs, the U.S. Department of Health and Human Services, and the U.S. Department of Labor. Find Diana on Twitter @DianaCrawford.","sameAs":["http:\/\/crawfordmerritt.homestead.com\/"],"url":"https:\/\/accountants.intuit.com\/taxprocenter\/author\/dianacrawfordtax\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/05\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg","jetpack_shortlink":"https:\/\/wp.me\/pazjGh-7x5","jetpack-related-posts":[{"id":29714,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/la-regla-de-augusta-ofrece-ahorros-en-impuestos-para-alquileres\/","url_meta":{"origin":28959,"position":0},"title":"La Regla de Augusta ofrece ahorros en impuestos para alquileres","author":"Diana Crawford, CPA","date":"June 28, 2023","format":false,"excerpt":"En este art\u00edculo de la contadora p\u00fablica certificada Diana Crawford, descubre c\u00f3mo la Regla de Augusta puede reducir la responsabilidad fiscal de tus clientes.","rel":"","context":"In "Tax Law and News"","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Augusta Rule","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/05\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/05\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/05\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/05\/Augusta-Rule-offers-tax-savings-for-rentals-copy.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":1900,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/tax-implications-for-airbnb-hosts\/","url_meta":{"origin":28959,"position":1},"title":"Tax Implications for Airbnb Hosts","author":"Michelle A. Johnson, CPA","date":"July 5, 2016","format":false,"excerpt":"Becoming an Airbnb host can be an excellent way to capitalize on renting an entire home, extra room or even a spare couch to cost-conscious travelers. However, with extra income also comes tax implications. Chances are, you may have \u2013 or soon have \u2013 clients who want to use their\u2026","rel":"","context":"In "Tax Law and News"","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"house tax law","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/07\/house-mortgage1-e1535552533899.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/07\/house-mortgage1-e1535552533899.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/07\/house-mortgage1-e1535552533899.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":9077,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/how-the-tax-law-treats-residence-rentals\/","url_meta":{"origin":28959,"position":2},"title":"How the Tax Law Treats Residence Rentals","author":"Dorinda DeScherer","date":"July 11, 2017","format":false,"excerpt":"It\u2019s common practice for clients to rent out their vacation homes when they are not being used for personal R&R. The rental income can cut the costs of owning and maintaining a second home. But these days, some of your clients may be cashing in on short-term rentals of their\u2026","rel":"","context":"In "Tax Law and News"","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"house tax law","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/07\/house-mortgage1-e1535552533899.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/07\/house-mortgage1-e1535552533899.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2016\/07\/house-mortgage1-e1535552533899.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15261,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/taxprotalk-qbi-deduction-and-safe-harbor-for-rental-real-estate\/","url_meta":{"origin":28959,"position":3},"title":"TaxProTalk: QBI Deduction and Safe Harbor for Rental Real Estate","author":"Jim Buffington, CPA","date":"February 20, 2019","format":"video","excerpt":"In this episode of TaxProTalk, Jim and Tony discuss some additional details around qualified business income deduction as well as some information about safe harbor provisions for rental real estate.","rel":"","context":"In "Tax Law and News"","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"TaxProTalk QBI","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2019\/02\/TPT-QBI.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2019\/02\/TPT-QBI.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2019\/02\/TPT-QBI.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15183,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/the-treasury-and-irs-issue-additional-guidance-on-qualified-business-income\/","url_meta":{"origin":28959,"position":4},"title":"The Treasury and IRS Issue Additional Guidance on Qualified Business Income","author":"Mike D'Avolio, CPA, JD","date":"February 12, 2019","format":false,"excerpt":"Get a summary of the most applicable parts of the changes to the qualified business income deduction for tax year 2018.","rel":"","context":"In "Tax Law and News"","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"tax reform","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2018\/01\/janhero-e1535554019610.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2018\/01\/janhero-e1535554019610.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2018\/01\/janhero-e1535554019610.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15649,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/qualified-business-income-deduction-hot-topics\/","url_meta":{"origin":28959,"position":5},"title":"Qualified Business Income Deduction Hot Topics","author":"Mike D'Avolio, CPA, JD","date":"March 8, 2019","format":false,"excerpt":"As we near the business filing deadline, read this recap some of the topics related to the qualified business income (QBI) deduction, or sec. 199A, about which Intuit ProConnect most commonly receives questions.","rel":"","context":"In "Tax Law and News"","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Tax law","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/06\/taxreform-e1535553139856.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/06\/taxreform-e1535553139856.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2017\/06\/taxreform-e1535553139856.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/28959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/users\/144648947"}],"replies":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/comments?post=28959"}],"version-history":[{"count":11,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/28959\/revisions"}],"predecessor-version":[{"id":29722,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/28959\/revisions\/29722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/media\/28961"}],"wp:attachment":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/media?parent=28959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/categories?post=28959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/tags?post=28959"},{"taxonomy":"intuit_collection","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/intuit_collection?post=28959"},{"taxonomy":"intuit_series","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/intuit_series?post=28959"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/coauthors?post=28959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}