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Sponsoring a team and writing it off?
I have a real estate business and wanted to get some advice on a current situation.
Can my real estate business sponsor a team in an adult flag football league? The adult flag football league is ran by a city in my state. They have to pay an $800 fee to play a season. Can I be a sponsor for that team and pay their fee? Will I be able to write this off at the end of the year? Would the answers change if I or a family member were to play for that team (can I no longer write it off?)
Thanks for your help and advice