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Ranchers Prove Horse Activities Were Engaged In “For Profit”

Picture of Krysia Nelson

Krysia Nelson

Attorney at Law

A ranching couple who bred Appaloosas and Quarter Horses convinced the Tax Court their horse operation was run for profit, not as a hobby. Hard daily work and modest tax savings outweighed years of losses and spotty records.

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A ranching couple who bred Appaloosas and Quarter Horses convinced the Tax Court their horse operation was run for profit, not as a hobby. Hard daily work and modest tax savings outweighed years of losses and spotty records.