The first full week of April brings the arrival of The Masters Tournament in Augusta, Georgia, where thousands of golf enthusiasts will flock to attend one of the most famous sporting events in the world. Any other week of the year, Augusta is a fairly quiet Southern town, but Masters week turns it into a bustling city with many visitors who need a place to stay.
Fortunately, homeowners in the Augusta area open their doors to renters, often earning a sizable sum in return for doing so. Thanks to the little-known “Augusta Rule,” the income generated from these renters is likely to be tax-free.
If you aren’t sure if the Augusta Rule applies to you, you may want to work with a financial advisor to be sure. Bankrate’s financial advisor matching tool can help you find an advisor in your area…