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Author Topic:   TAX Schedule C question??
sixwillwin
Member
posted April 02, 2004 08:53 AM
For those of you that operate your racing as a business, what code are you using on Schedule C, Line B?? I am not seeing any classifications in the instructions that fit "motorsports" or "racing activities". THX in advance


Chad
Member
posted April 02, 2004 09:36 AM
Just a word of caution, the words "motorsports" or "racing" are audit triggers. It's always best if you can use "transportation" or some other term besides those mentioned above. Just a suggestion. I'm not telling you to be fraudulent, but maybe slightly creative on your business description.


TRM38
Member
posted April 02, 2004 02:39 PM
thx, both good ideas and comments, any others??


race crazi
Member
posted April 03, 2004 08:02 AM
thats the one I was leaning towards, I didnt want to use the 999999 if I didnt have to


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