tax write off for the MTB sport?



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S

Steve

Guest
Any ideas for a somewhat legit method of writing off equipment costs and not riding professionally?
I've been buying and selling my MTB parts via Ebay. Possibly a online "used bike parts" dealer
..would that qualify ?

[email protected]
 
R

Ryan Cousineau

Guest
In article <[email protected]>,
steve <[email protected]> wrote:

> Any ideas for a somewhat legit method of writing off equipment costs and not riding
> professionally? I've been buying and selling my MTB parts via Ebay. Possibly a online "used bike
> parts" dealer ..would that qualify ?
>
> [email protected]

Sponsor yourself. You could be "Team Steve" and incorporate as a business. Your major source of
income would be sponsor fees from "Steve International", and everything else would be an
expense. Go nuts!

Otherwise, yeah, probably the best deal would be to create some vaguely material business out of
bike part trading.
--
Ryan Cousineau, [email protected] http://www.sfu.ca/~rcousine President, Fabrizio Mazzoleni Fan Club
 
Z

Zilla

Guest
Ryan Cousineau wrote:
> In article <[email protected]>,
> steve <[email protected]> wrote:
>
>> Any ideas for a somewhat legit method of writing off equipment costs and not riding
>> professionally? I've been buying and selling my MTB parts via Ebay. Possibly a online "used bike
>> parts" dealer ..would that qualify ?
>>
>> [email protected]
>
> Sponsor yourself. You could be "Team Steve" and incorporate as a business. Your major source of
> income would be sponsor fees from "Steve International", and everything else would be an expense.
> Go nuts!
>
> Otherwise, yeah, probably the best deal would be to create some vaguely material business out of
> bike part trading.

Just keep all your receipts!

--
- Zilla Cary, NC (Remove XSPAM)
 
T

Tom Purvis

Guest
steve <[email protected]> wrote:
> Any ideas for a somewhat legit method of writing off equipment costs and not riding
> professionally?

Sure. Whatever equipment you give away to charity, that can be written off. Just can't keep it.

> I've been buying and selling my MTB parts via Ebay. Possibly a online "used bike parts" dealer
> ..would that qualify ?

Man, that's hilarious. Are you Jerry Seinfeld or something?
--
Tom "try donating $1 million to the Bush campaign" Purvis
Salida, CO - http://www.arkansasvalley.net/tpurvis/
 
P

Penny S

Guest
steve retorted :
> Any ideas for a somewhat legit method of writing off equipment costs and not riding
> professionally? I've been buying and selling my MTB parts via Ebay. Possibly a online "used bike
> parts" dealer ..would that qualify ?
>
> [email protected]

wouldn't you be better off talking to an accountant or a business consultant? Things that do come to
mind are bike guide author, bike patroller ( volunteers can take certain write offs) product
designer, sales rep....The key word is LEGITIMATE. Or hit the library for some small business books

you'd really take this kind of advice off the internet?

ps
 
M

Mike Cox

Guest
"Penny S" <[email protected]> wrote in message
>
> you'd really take this kind of advice off the internet?
>

</lurk> I have always understood that the Internet, especially newsgroups were a great source of
unbiased, restrained opinion and fact.

Mike <lurk
 
H

Hardwarelust

Guest
"Penny S" <[email protected]> wrote in message
news:[email protected]...
> steve retorted :
> > Any ideas for a somewhat legit method of writing off equipment costs and not riding
> > professionally? I've been buying and selling my MTB parts via Ebay. Possibly a online "used bike
> > parts" dealer ..would that qualify ?
> >
> > [email protected]
>
>
> wouldn't you be better off talking to an accountant or a business consultant? Things that do come
> to mind are bike guide author, bike patroller ( volunteers can take certain write offs) product
> designer,
sales
> rep....The key word is LEGITIMATE. Or hit the library for some small business books
>
> you'd really take this kind of advice off the internet?
>

And from people like us? :)
 
M

Mattb

Guest
Penny S wrote:
> steve retorted :
>> Any ideas for a somewhat legit method of writing off equipment costs and not riding
>> professionally? I've been buying and selling my MTB parts via Ebay. Possibly a online "used bike
>> parts" dealer ..would that qualify ?
>>
>> [email protected]
>
>
> wouldn't you be better off talking to an accountant or a business consultant? Things that do
> come to mind are bike guide author, bike patroller ( volunteers can take certain write offs)
> product designer, sales rep....The key word is LEGITIMATE. Or hit the library for some small
> business books
>
> you'd really take this kind of advice off the internet?
>
> ps

On that note I say yeah, write it all off. Let us know how it goes for you. Might make a good
story anyway.

Matt
 
M

Michael Dart

Guest
In news:[email protected],
Mike Cox <[email protected]> typed:
> "Penny S" <[email protected]> wrote in message
>>
>> you'd really take this kind of advice off the internet?
>>
>
> </lurk> I have always understood that the Internet, especially newsgroups were a great source of
> unbiased, restrained opinion and fact.
>
> Mike <lurk>

*snick* *snort* *BwahahahahahAHAHAHAAHAHA!!!!!* ...WHEW! Oh man that was funny.

Mike
 
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