Pickleball & Taxes: Hobby or a Business Enterprise for Rising Professional Pickleball Athletes?


The game of pickleball is taking America by storm. Recreational players are rushing to play this exciting, new game. And, elite pickleball players are starting to understand that this sport can offer them professional status and income. Former IRS attorney Anthony Kim talks with Annie Tichenor about her journey as a Division I college tennis player to competing in professional pickleball tournaments. During their discussion, Tony and Annie talk about the allure of pickleball and the tax rules that rising professional pickleball players must know. What’s the tax difference if a rising pickleball competitor is labeled as engaging in pickleball as a “hobby” versus as a professional athlete? What can a professional pickleball athlete do to ensure that he/she qualifies for tax purposes as a professional athlete and not a recreational player dabbling in a hobby? This video addresses basic tax rules applicable to the new wave of professional pickleball athletes and how to determine whether training, travel and tournament costs can be deductible.

#pickelball #pickleballtournaments #pickleballplayers #pickleballcentral #usapickleball #pickleballpaddle #ppa #usapa #dink #pickballrocks #pickleballchamps #kimandrosadollp #taxlaw #taxlawyer #taxtips #wealthmanagement #majorleaguepickleball #propickleball
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