Blog

https://youtube.com/shorts/cEdR84Q2XYY?feature=share
The Augusta rule is very interesting. It has been abused significantly out there in the public if it’s not a business purpose, and he’s trying to make it a business purpose. He’s just wasting money by all the costs of throwing this party. Even though these businesses are getting a deduction for renting out the house, you still have the cost of throwing the party.

They tend to not mention that in a lot of these advertisements. So definitely you need to talk to an experienced CPA that will guide you through whether or not this will actually be worth it, especially in your tax bracket.