Article Date:
October 2023

Word Count:



Tax-Free Income from 14-Day Augusta Rule for S Corporation Owners

IRC Section 280A(g), also known as the Augusta rule, states:1 “Notwithstanding any other provision of this section or section 183, if a dwelling unit is used during the taxable year by the taxpayer as a residence and such dwelling unit is actually rented for less than 15 days during the taxable year, then—



no deduction otherwise allowable under this chapter because of the rental use of such dwelling unit shall be allowed, and


the income derived from such use for the taxable ... Log in to view full article.

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