Under the Augusta rule, what happens if you rent your personal residence for 20 days during the year?
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The entire 20 days of rent must be reported as peoss innome
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None of the rental income is taxable.
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Only the first 14 days are excluded, and the remaining 6 are taxable.

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Under the Augusta rule, what happens if you rent your personal residence for 20 days during the year?

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The entire 20 days of rent must be reported as peoss innome

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None of the rental income is taxable.

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Only the first 14 days are excluded, and the remaining 6 are taxable.

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