Thread: Can one deduct cost of a kit car as a hobby?
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Old 03-20-2007, 09:59 AM
Mrs 66 Snake Mrs 66 Snake is offline
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If the entry fee was a donation to a 501c(3) charity then you may count that as a charitable contribution. As far as the paint job, wax, etc goes to show off the car at an event, I'd be skeptical.
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