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Tauni · 10-12-2005, 04:00 AM

If you are a breeder, do you report all the money you receive from the sale of puppies to the IRS. No, I am not one of them. I am interested in breeding but not to make money. I know like many of you say I will be lucky to break even if done properly. So how do you handle this income on your taxes??? Do you report any of it??? If so do you report what you have left after paying all the bills and up keep of the puppies?? Do you pay yourself for the care of the puppies??? I do work full time, so this may make a real impact on taxes. Do you sell your puppies from a Kennel name or your own name??

Thanks
Tauni

10-12-2005, 04:00 AM	#1
Tauni Senior Yorkie Talker Join Date: Jun 2005 Posts: 82	Breeding income If you are a breeder, do you report all the money you receive from the sale of puppies to the IRS. No, I am not one of them. I am interested in breeding but not to make money. I know like many of you say I will be lucky to break even if done properly. So how do you handle this income on your taxes??? Do you report any of it??? If so do you report what you have left after paying all the bills and up keep of the puppies?? Do you pay yourself for the care of the puppies??? I do work full time, so this may make a real impact on taxes. Do you sell your puppies from a Kennel name or your own name?? Thanks Tauni