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Originally Posted by Cannon Shell
I think that unless your horse was bedded on gold inlaid straw and fed surf and turf it would be hard to come up with $115k in yearly expenses. If you are making 90k in earnings a year you should be in the black unless the horse is insured for 2 million dollars or something like that.
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Boy I feel old now. 20 years since that TRA of '86.
I agree horse ownership should be more accessible and people I think mostly do get into it for the enjoyment, but a tax write off isn't always a bad thing.
I kind of thought that I was getting screwed I just wanted confirmation from some one that is actually in the business.