Dr. Friday 0:00

I think this is kind of one of those best-kept secrets when it comes to taxes. Did you know that you could rent out your primary home for whatever dollar amount you want for two weeks a year and not pay $1 in tax? I had a client that basically rented his house out for a movie set and he was paid about $14,000 a day for seven days. And that was all tax-free money. Now that may not happen for all of us, but sometimes there are events that come into town and things like that. It’s something to consider.

It’s a way of putting tax-free money in your bank account. And it’s a great way to have some fun. (615) 367 0819.

Announcer 0:52