Renting your home under IRC 280A(g)(2) - Posted by James Buster

import · December 18, 2002, 8:24pm

Posted by randyOH on December 21, 2002 at 13:52:40:

I think it would take the right situation for this to hold up under IRS scrutiny, don’t you? I can see the potential for a substantial business with maybe 4 or 5 people on the board of directors. But I don’t think this is something you should try if you are the typical one-man corporation with your spouse being the only other board member. It would be pretty hard to justify $800 per day for you and your wife to have a place to hold a meeting to talk about your 10 rental properties. I think the IRS would consider this to be abusive, to say the least. Agree?

import · December 18, 2002, 8:24pm

Posted by James Buster on December 18, 2002 at 21:24:37:

From Professional Tax Strategies: Work with a Tax Expert

Too good to be true?

import · December 18, 2002, 8:52pm

I love it! - Posted by JHyre in Ohio

Posted by JHyre in Ohio on December 18, 2002 at 21:52:03:

I only wish I’d have thought of it! Thanks for sharing.

John Hyre