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9/6/17, 10:05 PM   #8
Re: Morin Racing - Insurance Fire Update
jjones752
jjones752 is offline
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Race Count This Year: 19
Race Count Last Year: 22
Join Date: Jul 2011
Posts: 2,259
 

Quote:
Originally Posted by TQ29m View Post
Jim, you can deduct your expenses, long as you get a1099 for the income, you have to take the long form, I really thought everyone did. It's all legal. Bob
I know Bob, it just seems that sometimes the IRS is more likely to disallow some deductions as they think what we are doing is a "hobby"...
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Jim Jones
Midwest Thunder Speed2 Midget #97
 
1 member likes this post: trannyman