Yes, you can right off your racing. This will be my fifth year (and last for awhile) doing it. I write it off as a hobby expense. 1040-c is the...
Since I am not an accountant, then perhaps I misspoke on the exact legal/tax terminology, hence, the use of a registered CPA. It's his issue with...
No. It's a hobby write off. I get X dollars in sponsorship and write off X and then some. I don't lie or make anything up, just in case there...
Recommendations I recommend just filing the additional 1040 form. I don't (and neither does my accountant) see the reason to create a seperate...
Write off your racing I have been writing off my racing since 1999. This will actually be my fifth and final year for awhile. (after five years...
Bike Tech: '00 SV 650 with 2mm over, Yosh cams, M4 full exhaust, Dynojet kit, stock filter. Thinking about doing the snorkelotomy and...
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