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Message: [QUOTE="VintageDirt, post: 226607, member: 21172"] Sounds like a good idea. But, I think (meaning I'm no accountant) you have to have the intention (and some actual possibility must exist) to make a profit. Otherwise the IRS is gonna catch up with you one day, and they'll be charging all kinds of interest and penalties. When I was a kid, me and some buddies of mine started an ill fated construction company. We should have called H&R construction (Hit & Run). Anyway, we made a mistake on our taxes, and even though we didn't owe the IRS any money. Five years later, after C.R.E.W. Construction (Chet Red Ed Wes) was long gone, we got called downtown for a meeting. We ended up paying $500 in penalties and interest. That was a lot in 1979! I guess the C.R.E.W. Construction story doesn't really apply to what you are planning, but it's a good story. We learned a lot about what NOT to do. [/QUOTE]