racing next year?

[Billy Nees]

Originally Posted by Irace007

Do you pay TAXES on your WINNINGS ?? If so then it's a BUSINESS

Yeah,yeah,yeah, I tried to play that game in N.J. for a long time. Over X amount of dollars you pay taxes on your winnings whether you're a business or not. They also don't like you trying to claim your expenses to offset your winnings.
There are very few Sportsman Racers who can get away with claiming their racing as a business. I DO believe that it is a Sport though.