racing & taxes

Discussion in 'Pit Buzz' started by bob szabo, Apr 4, 2012.

  1. bob szabo

    bob szabo FC / altered

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    Our latest news letter, fuel injection tuning & tax time, has info on capitalizing the sale of a racer at a loss. If you sell out a racer that accumulated an indeclared loss, you have a second chance at deducting the loss during the year of the sale and there after.

    Bob Szabo
    www.Racecarbook.com
     
    #1
    bob szabo, Apr 4, 2012

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