Fact Check: The Augusta Rule is part of Section 280A of the IRS Code.

Claim: The Augusta Rule is part of Section 280A of the IRS Code.

Verdict: Correct (95% confidence)

Explanation: According to TaxAct, the Augusta Rule is codified in Section 280A(g) of the IRS Code, allowing homeowners to rent their homes temporarily without reporting the rental income (TaxAct). Anderson Advisors also confirms that the Section 280A deduction, known as the Augusta Rule, permits homeowners to rent out their personal residence for up to 14 days per year without paying tax (Anderson Advisors). Adams and Reese further explain that the Augusta Rule is part of § 280A(g) of the Internal Revenue Co...