I learned this trick at a webinar I attended. If you have an LLC, then your LLC should rent your home for all-day business meetings or "planning retreats," once a month. As long as your home is rented 14 days a year or fewer, then you have no taxable income. On the other hand, the LLC has a deductible expense. What a great way to reduce your taxable income!
FYI, Hotel meeting rooms generally rent for $150 to $500 per day, depending on amenities, location, and catering.
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