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DID YOU KNOWBusiness & Compliance

How to Take Rent From Your Own Business and Owe No Tax on It

You assume every dollar that moves from your business to you gets taxed on the way, whichever pocket it lands in. An accountant whose firm works only with real estate businesses says there is a rule that lets your entity pay you rent for up to 14 days a year with no tax on that income, and that the whole thing stands or falls on documentation you have to create at the time.

2-minute read