Posted 2019-02-11 1:11 PM (#7421874) Subject: new law for horse tax
Elite Veteran
Posts: 921 Location: Oklahoma
Where do I go to find out if a new law for taxes is in effect? Regarding horses. I've tried to google but cant find anything. Or has there been no changes? thanks
Posted 2019-02-12 11:28 PM (#7422139 - in reply to #7421874) Subject: RE: new law for horse tax
Member
Posts: 5
Or a lawyer. If your looking for federal, then it'll be under the Federal Tax Code (probably in agricultural). If your looking for state then you'll have to look up your state's tax code
Posted 2019-02-14 9:36 AM (#7422277 - in reply to #7422263) Subject: RE: new law for horse tax
Reaching for the stars....
Posts: 12319
I read part of the new stuff and 'claiming' may have to do with race horses, not claiming horses as an expense overall. Most of the changes that I saw did not seem to affect what I think of as my horse deductions - and my CPA calls me and lets me know if there is any significant changes when they happen.