CLASS RACER FORUM - View Single Post - How to deduct winnings/expenses on taxes?

mtkawboy · 01-04-2010, 04:48 PM

Isnt there a limit to how long you can run it as a business and not make a profit ? Writing off racing is an "Audit me " red flag to the IRS

01-04-2010, 04:48 PM	#10
mtkawboy Member Join Date: May 2003 Location: Billings Mt Posts: 281 Likes: 174 Liked 54 Times in 18 Posts	Re: How to deduct winnings/expenses on taxes? Isnt there a limit to how long you can run it as a business and not make a profit ? Writing off racing is an "Audit me " red flag to the IRS