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Trekkor |
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#1
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I do things... ![]() ![]() ![]() ![]() ![]() Group: Members Posts: 7,809 Joined: 2-December 03 From: Napa, Ca Member No.: 1,413 Region Association: Northern California ![]() |
I "sponsor" myself. I have permanent advertising on the car for my business.
How do I legally write off my car as a business expense. Or am I just entitled to the cost of the window banner? What do the big sponsors do? (IMG:style_emoticons/default/confused24.gif) KT |
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anthony |
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#2
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2270 club ![]() ![]() ![]() ![]() Group: Benefactors Posts: 3,107 Joined: 1-February 03 From: SF Bay Area, CA Member No.: 218 ![]() ![]() |
It sounds illegal to try and write off your hobby. Racing teams that get sponsorship are separate business entities. There's a contract with the sponsor which spells out the marketing/promotion deal. I don't think the sponsor ever directly owns the car or equipment.
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