tlbuser
Veteran Member
Of course, that presumes that the activity is "for profit", the IRS has defined "for profit" as even a CHANCE you could win a trophy at a car show, race or other event. No monetary denomination need change hands, only a trophy, plack or ribbon![]()
Eight Important Questions for Hobbyists
http://www.irs.gov/pub/irs-pdf/p525.pdf