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Sponsor or self-owned business and tax advantages
Yes I know…here’s the disclaimer: consult a tax advisor and strictly do what they say not what is suggested here. That said, what are people’s experience using racing as a tax write-off? I would imagine one could use it as a marketing expense but am not sure just how beneficial it is. And I also realize it varies from case to case.
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Dave Gran
NER ITB #13
'87 Honda Prelude si
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