About Arabian horses and the people who love them!

Arabian Horse Life magazine is the ONLY Arabian horse publication that serves the entire membership of the Arabian Horse Association.  

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Hobby Farm or Actual Business?

April 9, 2020

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Guest Blogger Robert M. Swaim

Several years ago I had a client who entered into the business of breeding horses for the purpose of sale at a profit. The IRS audited his return and declared his horse farm to be a “hobby” rather than a business and disallowed his farm loss deductions. The IRS argued...

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