A
Account4it
Guest
What is the name of your state? NC
My husband put money, time, and effort in building a car for racing. His intentions are to make an income from this career move. He is currently working for a textile company, but if his racing prooves to be profitable, he would like to put all his time and energy into it and make a living out of it. Can any of these expenses be duducted from our income tax. If so, what forms and publications do I need to use?
My husband put money, time, and effort in building a car for racing. His intentions are to make an income from this career move. He is currently working for a textile company, but if his racing prooves to be profitable, he would like to put all his time and energy into it and make a living out of it. Can any of these expenses be duducted from our income tax. If so, what forms and publications do I need to use?