Renting your home to your business still creates taxable income

Name: Renting your home to your business still creates taxable income
Duration: 68 s
Description: If your business pays you rent, you must report that rent as personal income even though you own the business.

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Renting your home to your own business? Some owners think they can skip reporting that rental income since they own both sides of the transaction. TJ explains why that logic doesn't hold up with the IRS and what's actually required when you're both the landlord and the business owner.

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