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Re: Racing Tax Write-off [Re: BobR] #1994141 01/19/16 03:54 PM 01/19/16 03:54 PM
Joined: Jan 2003 Posts: 31,061 Oregon A AndyF I Win
AndyF I Win A Joined: Jan 2003 Posts: 31,061 Oregon	Bob, you can always write off expenses up to the amount of your winnings without having a business. Talk to your tax person about it but it should work just the same as the IRS rules on gambling: https://www.irs.gov/taxtopics/tc419.html

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Subject	Posted By	Posted
Racing Tax Write-off	BobR	01/14/16 05:17 PM
Re: Racing Tax Write-off	440lebaron	01/14/16 05:31 PM
Re: Racing Tax Write-off	fullmetaljacket	01/14/16 05:33 PM
Re: Racing Tax Write-off	dogdays	01/14/16 07:21 PM
Re: Racing Tax Write-off	crackedback	01/14/16 07:21 PM
Re: Racing Tax Write-off	slantzilla	01/14/16 07:32 PM
Re: Racing Tax Write-off	Chassisman	01/14/16 07:49 PM
Re: Racing Tax Write-off	JSR1485	01/14/16 07:56 PM
Re: Racing Tax Write-off	Chassisman	01/14/16 08:02 PM
Re: Racing Tax Write-off	CMcAllister	01/14/16 08:19 PM
Re: Racing Tax Write-off	AndyF	01/14/16 09:30 PM
Re: Racing Tax Write-off	BobR	01/15/16 05:48 AM
Re: Racing Tax Write-off	CMcAllister	01/15/16 06:18 AM
Re: Racing Tax Write-off	BobR	01/17/16 01:25 AM
Re: Racing Tax Write-off	CMcAllister	01/17/16 05:41 AM
Re: Racing Tax Write-off	crackedback	01/15/16 08:39 PM
Re: Racing Tax Write-off	Eric	01/15/16 09:15 PM
Re: Racing Tax Write-off	AndyF	01/15/16 10:36 PM
Re: Racing Tax Write-off	AndyF	01/17/16 03:18 AM
Re: Racing Tax Write-off	68roadrunner	01/17/16 07:02 PM
Re: Racing Tax Write-off	polyspheric	01/17/16 10:17 PM
Re: Racing Tax Write-off	BobR	01/19/16 04:29 PM
Re: Racing Tax Write-off	AndyF	01/19/16 07:54 PM
Re: Racing Tax Write-off	AndyF	01/19/16 08:04 PM
Re: Racing Tax Write-off	FastmOp	01/19/16 08:31 PM
Re: Racing Tax Write-off	BobR	01/21/16 06:32 PM

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