My son is going to turn pro as a golfer. I am going to finance it, (pay entry fees, travel exp, etc.). My issue is that all revenue will come in his name but I will have the expenses. How do I get the write off? Or can I?
We will set it up so he pays me back but there is a good chance the 1st few years there will be losses and I am not sure how to align it.
We will set it up so he pays me back but there is a good chance the 1st few years there will be losses and I am not sure how to align it.
