Thanks so much, Regina. Unless our members are delusional, we aren't professional golfers, so no schedule C for us!
But maybe I should have mentioned that we don't actually make payments for prize money to our tournament winners. Instead, we just reduce or eliminate their fees for the next tournament. Does that make a difference?
Also, are you suggesting that our members treat these as hobby income and expenses? I understood that beginning with 2018, hobby expenses are not deductible at all.
