Racing & Taxes

Old 04-04-2012, 02:17 PM
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Join Date: Jul 2007
Location: Rancho Cordova, California
Posts: 92
Default Racing & Taxes

Our latest news letter, "racing & tax time", dated 3/20/12, has US tax info on capitalizing a racer that was sold at a loss. You have a second chance to deduct those losses the year of sale and there after. See the link:

Bob Szabo, author of racing books about mechanical fuel injection & related topics, and an on-line FI calculator
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