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12-14-2007, 11:35 AM
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Senior Member
Join Date: Jul 2007
Location: Greensboro, NC
Posts: 820
Likes: 9
Liked 132 Times in 30 Posts
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Keeping Receipts
Besides proof of value in case of a sale or perhaps accounting purposes if you run a related business, does anyone else besides me keep receipts for racing related activity? This includes parts, labor, tools and equipment, travel, etc. Which ones should I keep and how long? Any valid tax reasons?
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