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IRS - horse sale, what do you deduct.

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Jump to page : 		Last activity 2018-06-26 10:02 AM
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chicks2
Reg. Mar 2007
Posted 2018-06-26 10:02 AM
Subject: IRS - horse sale, what do you deduct.


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Posts: 926
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For the first time in my life I actually sold a horse for significantly more than I paid for it. I deducted training and entry fees.

In looking on line, I see some folks have deducted vet expenses in the year of the sale.

Folks that buy and sell, what do you deduct? I don't have him as part of a business, this is a 'hobby' sale.
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