Bass Fishing HomeBass Fishing Forums

Go Back   BassFishin.Com Forums > Serious Conversation Only > Techniques, Strategy & Presentations

Reply
 
Thread Tools Rate Thread Display Modes
Old 02-18-07, 11:18 AM   #1
BPACA
BassFishin.Com Active Member
 
BPACA's Avatar
 
Join Date: Nov 2006
Posts: 420
Default Taxes and Fishing

Do any of you guys keep your reciepts and write off your fishing expenses if you fish tournaments on your taxes....I've heard you can do this.....anyone?
BPACA is offline   Reply With Quote
Old 02-18-07, 02:08 PM   #2
zooker
BassFishin.Com Premier Elite
 
zooker's Avatar
 
Join Date: Jan 2004
Location: denton nc
Posts: 13,441
Default

yes in nc state we have to pay taxes on all lisenced vehicles -boat trailers- this is tax deductable. it is a blue book percentage of your boat/trailer/moter combo..
as for tackle i keep the receipt for insurance pruposes only..

my boat is not on the nada book nor the rexall logs. i actually pay more taxes than i should but it keeps them happy.

"rexall logs" is the boat dealers resale value book -it actually is what is responsable for your trade in value..
as for tourny's you need to win more than $2500 per year to claim them on your taxes

zooker
__________________
the godfather..
aml in remission since 7-20-09
zooker is offline   Reply With Quote
Old 02-18-07, 08:51 PM   #3
thebus71h
BassFishin.Com Active Member
 
thebus71h's Avatar
 
Join Date: Aug 2006
Location: Liberty, IN
Posts: 135
Send a message via AIM to thebus71h
Default

We did this with racing quite often. Costs of gas to get to the track, food, fuel for the racecar, all expenses that we could write off. Now if you register it as a "business", then you can use that for tax writeoffs, but honestly, it really doesn't make that much of a difference.
__________________
Billy Rowlee #71h
thebus71h is offline   Reply With Quote
Reply

Disclosure / Disclaimer
Before acting on the content posted, you should know that BassFishin.Com may benefit financially and otherwise from content, advertising, links or otherwise from anything you click on, read, or look at on our website. Click here to read our Disclosure Policy and Disclaimer.


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 10:30 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
© 2013 BassFishin.Com LLC