Racing as a business (kind of long)

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Re: Racing as a business (kind of long) [Re: Sinitro] #1387194 02/14/13 07:27 PM 02/14/13 07:27 PM
Joined: Apr 2005 Posts: 12,271 Overpriced Housing Central RobX4406 I Live Here
RobX4406 I Live Here Joined: Apr 2005 Posts: 12,271 Overpriced Housing Central	Just because you are attempting to win money does not make it a business. Plenty of bad info out there. Run it just like a business. You don't need a DBA, however, it may help with the appearance of a business. 2 of 5 years to be profitable was last I knew of or it will be categorized as a hobby loss. I raced motorcycles and wrote off my stuff for about 5 years. Got audited 3 of 5 years, guess which years, profit or loss. Was successful in all audits... even got more money back for one year!

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Subject	Posted By	Posted
Racing as a business (kind of long)	Bigbeep	02/14/13 06:58 AM
Re: Racing as a business (kind of long)	Challenger 1	02/14/13 02:49 PM
Re: Racing as a business (kind of long)	camastomcat	02/14/13 04:48 PM
Re: Racing as a business (kind of long)	Eric	02/14/13 08:08 PM
Re: Racing as a business (kind of long)	Stanton	02/14/13 09:30 PM
Re: Racing as a business (kind of long)	Guitar Jones	02/14/13 09:37 PM
Re: Racing as a business (kind of long)	Anonymous	02/14/13 06:13 PM
Re: Racing as a business (kind of long)	Sinitro	02/14/13 09:54 PM
Re: Racing as a business (kind of long)	RobX4406	02/14/13 11:27 PM

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