Are you aware that if you rent your home for 14 days or less in a calendar year, 100% of the rent received is tax-free to you?
Let’s say you can rent out your home for $5k per week, and you rent the home out for only 2 weeks each year. In this example, you would put $10k of rental income into your pocket each year without owing a dime in federal income taxes. Now that’s great tax planning!
We’ve recorded an informative 3-minute presentation on how to generate tax-free income from your home each year available at:https://youtu.be/mErYBKqXYUg. Please view it, like it, and share it.