Bodybuilding - tax writeoff?

[dantelis]

Seems obvious seeing it in writing, but I never thought about the fact that pro bodybuilders are able to take a tax write-off on most of their competition expenses. 

From:  Give Me a (Tax) Break!

http://www.minyanville.com/articles/Paulson-taxes-funds-tax-AET-hedge/index/a/19727

"For every James Simons -- founder of Renaissance Capital and the smartest billionaire in the world, according to Forbes -- there’s a Dexter Jackson.  Dexter was 2008’s Mr. Olympia.

Do you know how much it costs to grease up a 215-pound physique for competition? Pro bodybuilders can write it off, as it’s a necessity for competition."

[MONSTER_TRICEPS]

Well hi there, I just spent 20k on illegal hormones, can I have a tax break? 

[CQ]

A friend of mine had one of those ghey ass "pay sites" for the sole purpose of legally claiming it as a business, and writing off her competition/training expenses - gym, hair, makeup, suits, tanning.. whole nine yards. She said it worked out well in her favour financially.

[Tre]

A friend of mine had one of those ghey ass "pay sites" for the sole purpose of legally claiming it as a business, and writing off her competition/training expenses - gym, hair, makeup, suits, tanning.. whole nine yards. She said it worked out well in her favour financially.

As long as she could demonstrate a profit motive (if necessary), then it's all good.