Racing and Taxes??? Any good tax knowledge people

[imafrogg420]

yea my parents own a business and I saved all my receipts from everything for all last season, tires, gas food, parts, entry fees, and what not. when tax time came around our tax lawyer for our business basicaly said it wasn't worth it either. But I did end up working a new angle though. Byrant the manufacture of the products we sell is willing to give me a good chunk of cash to advertise for them and our business. but thats for next year. I wont be able to race this season.

~Jim