Pay yourself first: OWN instead of RENT
I have listened to some people passionately express satisfaction with paying monthly rent and gaining the related offset by using it as a business deduction. An expense. The ideas that expensing rent is somehow a way to reduce tax burden. My opinion is simple – Hog Wash. Why would you give money away to someone else each month. Consider this: when you own, buy, or purchase there is an interest expense deduction, a depreciation deduction and the best news –...
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