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cldr73k
March 12, 2020
Question

I purchased a race horse in Nov 2019. The horse has not raced yet and is still in training. How/when should I claim this expense?

  • March 12, 2020
  • 1 reply
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1 reply

D
DavidD66
March 12, 2020

You would report the expenses for the horse as a business expense on Schedule C.  You will need to use TurboTax Self-Employed and set up your Race Horse a business.

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