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| Grandson of a landlord hit me up for a sponsorship for his race car this summer at the nearby dirt track. I had never met him previously. Ive never sponsored a race car before and normally wouldnt but you all know the pathetic, ingratiating things we do to keep our hands on land, even if its against our morals or principles. . I'd rather pay for a strand of tile or two in the old biddys farm than pay for her grandson to smash up a worthless car. Farming is just a tough business. Can I just deduct the sponsorship as cash rent because that is what it really is here...
Edited by Lotts_Valley 12/20/2025 17:38
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Tax experts- where on Schedule F do I deduct race car sponsorships?
