Comments on: Tax Issues for Equestrians

By: Judy

Judy — Fri, 26 Jan 2018 14:22:22 +0000

I have 3 acres and am having a no climb horse fence put in right now, I also bought 2 horses from a rescue group. Can I deduct my horse fence and my rescues?

By: Horselover

Horselover — Thu, 05 May 2011 20:42:35 +0000

Great article.

By: Amy

Amy — Tue, 08 Feb 2011 18:17:59 +0000

Does not really make my horse “tax deductible” but it does help have a buddy for him without having the expense of another horse — I board one. The amount I charge is just little bit more than his feed to help compensate for my full-time care and he keeps my guy company.

By: betty

betty — Tue, 08 Feb 2011 12:15:10 +0000

Don’t even try it. When I operated a tiny riding academy (1985-1994) I was audited twice. The IRS REP told me that if you show or breed they “red letter” your tax returns. I was profit oriented, so I made it through without owing anything. DH and I kept receipts and practiced good record-keeping.
Money is so tight that I think I would be owing them now if I still operated my business. It’s just NOT worth the trouble.
HOWEVER, we did “adopt” a gelding from a rescue in 2010 and deducted him.

By: Galadriel

Galadriel — Mon, 07 Feb 2011 19:13:17 +0000

Hm, I can’t see a way to make any of my horse expenses deductible. Just pure fun.