02-03-2008, 09:09 AM
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#6 |
| YT 2000 Club Member
Join Date: Jun 2007 Location: Ohio
Posts: 2,312
| Quote:
Originally Posted by yorkiekist You can take off part of the house, electricity, water, computer, phone, advertising, food, vet bills, gas, mileage on car, cleaning expenses, grooming equipment, show fees, publications, kennel equipment or anything else that applies to dogs and the money they bring in. But, you have to show a profit at least once in 5 years or its considered a hobby by the IRS. I would ask a tax person for more info on this. | Thanks for the information. See she was talking about it as a home business depending on how much you make a year from selling puppies she did not state how mush you had to make from breeding( to me at least it sounded this way) I was going to wait till tax season slows down and call her back and ask a few more questions to understand a bit more, She did say if I wanted to talk more I could call her. I wonder how much one would have to make to be able to claim this?
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