Being as you get a receipt for cast wins, does anyone here list the money won and then deduct the (Travel, dog food, vet bills, entry fees) off your taxes.
Wondering if this would get you in audited ?
Tax write off for hunting expenses ?
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Chuck Barham
- Bronze Member
- Posts: 394
- Joined: Sat Mar 15, 2003 5:36 am
- PKC Name: Chuck Barham
- City, State: Eden, NC
- PKC Member Since: 13 Jan 1987
- Annual Membership Expires: 26 Sep 2017
- Lifetime Handler Earnings: $10,280
- Location: Ruffin, NC
- Contact:
Tax write off for hunting expenses ?
PKC#17676
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Chad Doolin
- Silver Member
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- PKC Name: Chad Doolin
- City, State: Benton, AR
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- Location: Saline River
- Contact:
Re: Tax write off for hunting expenses ?
My CPA takes care of it as another business. My dog has her own bank account that my CPA has access to. I use her debit card and check book for all entry fees, diesel, hotel fees, vet bills ect..
My sxs, 4 wheeler and boat are tax right off’s as I use them while hunting her. I haven’t had to pay any taxes on winnings as of yet.
My sxs, 4 wheeler and boat are tax right off’s as I use them while hunting her. I haven’t had to pay any taxes on winnings as of yet.
2009 National Male Leader - Arkansas State Leader - Treeing Walker Breed Leader - 2011 Arkansas State Champion
PCH Habits Bad Son
2018 National Male Leader - Arkansas State Leader
GCH Wipeout Andy
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PCH Habits Bad Son
2018 National Male Leader - Arkansas State Leader
GCH Wipeout Andy
PCH Gracie Express
5 X PCH Not Too Fancy
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Adam Borden
- Starting Member
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- PKC Name: Adam Borden
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Re: Tax write off for hunting expenses ?
Yes I count off several things like Chad stated above
PKC SCH. GRNT. CH SACKETT’S RED WILLIE
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Bradley Hall
- Gold Member
- Posts: 1114
- Joined: Thu Mar 06, 2003 1:21 pm
- PKC Name: Bradley E. Hall
- City, State: Coatesville, IN
- PKC Member Since: 04 Aug 1994
- Annual Membership Expires: 29 Sep 2024
- Lifetime Handler Earnings: $13,734
- Location: Coatesville Indiana
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Re: Tax write off for hunting expenses ?
Keep in mind you can only show a loss without a gain for so many years before the red flag comes it.
BradHallAuctioneer.com
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