In last month’s article titled “Renting the Office to Your Business Creates a Self-Rental Trap That Crushes Tax Deductions,” we identified one solution to this problem: have the business own the building.
True, that solves the problem, but it exposes the building and the business to additional legal exposure.
As the old saying goes, “Is there a way to have your cake and eat it too?” Answer. Yes, and that’s what we explain in this article.
First, a Thank You
Mr. Brandon S. Collier, J.D., LL.M., an advisor to dentists, had this to say about our self-rental article in last month’s issue:
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