CLASS RACER FORUM - View Single Post

bigshow2966 · 07-16-2013, 01:38 PM

A few years ago my accountant set my racing up as a business. At that time you had to show profit 1 year out of 5. As said before, keep really good records and keep it legit.

A good accountant is your friend.

07-16-2013, 01:38 PM	#18
bigshow2966 Senior Member Join Date: Mar 2007 Location: chicago Posts: 655 Likes: 676 Liked 181 Times in 56 Posts	Re: class racing as a business? A few years ago my accountant set my racing up as a business. At that time you had to show profit 1 year out of 5. As said before, keep really good records and keep it legit. A good accountant is your friend.