Horse breeding is a favorite target of the IRS, when it comes to the hobby loss rules.
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Is a venture (say, horse breeding) a real business or a hobby, for which losses aren't deductible?
Along with my passion for horse breeding, I was a horse racing enthusiast.
After he sold two medical technology companies he'd founded, Lordi took up horse breeding (including a thoroughbred named Saigon Eve).
In determining whether the horse breeding was entered into for profit, though, the whole course of the business is considered.
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Apparently, Bill Romanowski learned about the horse breeding program he entered while meeting with a lawyer about a real estate problem.
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While common to horse breeding, it is still unusual for canines.
Rural U.S. lawmakers with ties to the cattle industry and economically-strapped horse breeding registries have been pushing to reopen horse slaughter plants in the states since the last three plants shut down in 2007 (two in Texas, one in Illinois).
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The sport of horse racing and breeding is one of great agony and ecstasy.
But, as I said, you know, Barbaro falls more into the category of the old style horse, in terms of his breeding.
Kelley owns two other farms in the Lexington area: Bluegrass Hall, a 200-acre property that formerly housed his racing operation, and Hurricane Hall, a 300-acre farm from which he conducted the breeding part of his horse business.
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That put the clock back for the nascent breeding industry as well as horse racing.
He has a date in the breeding shed as early as next week with the 2011 Horse of the Year, Havre de Grace.
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Starting out as an amateur horse rider, the late Haefner won the Fegentry Champion Amateur Championship in 1963 and began breeding his own horses at Moyglare.
But Mr Bozic says both numbers and breeding quality have since improved, although not enough for him to contemplate selling a horse to eager Germans and Americans hanging around his door, or sending a team to the Olympics.
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