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Re: Hobby tax deductions.....

To: autoxin@yahoo.com, ba-autox@autox.team.net
Subject: Re: Hobby tax deductions.....
From: "Rob Weinstock" <weinstro@hotmail.com>
Date: Fri, 12 Apr 2002 09:54:47 +0200
>Does anyone have any experience with expensing AutoX
>related expenses on your income tax?
>
>I'm trying to figure out if it is possible. I  thought
>I'd ask  because I know someone has probably already
>explored this route at one point in there AutoX
>careers.
>
>If anyone has any advice on this, legal or otherwise,
>please respond to me directly.

I read on this some time ago, and believe that you must be able to show that 
your hobby generates income. It doesn't have to be profitable, just income 
generating. So, if you won a cash prizes at AAS, you might have luck.

You can download the appropriate publications and forms directly from the 
IRS website.

Regards,

Rob

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