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Write Off Your Racing - Sports Car Market
https://www.sportscarmarket.com/columns/legal-files/write-off-your-racing
Master Your Money | Sapling
https://www.sapling.com/7879552/auto-racing-tax-deductions
commonly incurred deductions related to operating an auto racing business may include expenditures for supplies (gas, oil, tires and other spare parts), travel …
How to claim racing on taxes?? | NastyZ28.com
https://nastyz28.com/threads/how-to-claim-racing-on-taxes.76446/
drag racing team checking account, business license, Fed tax ID Number all help clarify it as a "biddness". All expenses related to the racing team, from team uniforms to …
Solved: Racecar driver- hobby vs business? - Intuit
https://ttlc.intuit.com/community/taxes/discussion/racecar-driver-hobby-vs-business/00/571061
There is a risk with racing, the IRS will try and treat enjoyable activities as hobbies because they are fun. Documentation is the only thing that can prove them other wise. If the …
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