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Horse expenses for horse owners (business)

$5,000-$50,000/yr

Can You Write Off Horse Expenses for Horse Owners?

Short answer: Only if you run a breeding, training, or boarding business for profit; pleasure horses aren't deductible.

Horse activities get a special presumption of profit motive if profitable 2 of 7 years.

Records to keep: Keep receipts, 1099s and platform tax summaries, a mileage log, and a note of the business purpose.