class racing as a business?

SStockDart · 07-15-2013, 09:37 PM

Scott...........thinking about it a little bit more and I believe you would have a really difficult time convincing the IRS that you are running a business......Since both you and your wife have full time jobs, I would not even consider it.
That doesn't mean that you can't go out and have a good time......Have fun drag racing, with your family, It is expensive but probably the best value for "family time"

07-15-2013, 09:37 PM	#7
SStockDart VIP Member Join Date: Dec 2007 Location: Arizona, Texan forever Posts: 1,176 Likes: 879 Liked 574 Times in 212 Posts	Re: class racing as a business? Scott...........thinking about it a little bit more and I believe you would have a really difficult time convincing the IRS that you are running a business......Since both you and your wife have full time jobs, I would not even consider it. That doesn't mean that you can't go out and have a good time......Have fun drag racing, with your family, It is expensive but probably the best value for "family time" __________________ Gary Hansen - SS/FA 4911, B/SA 4911