I can only give you information from the breeder I assist in whelping. Most of her payments are in cash, and so it is not much of an issue with reporting/IRS finding out anyway, but these are her thoughts on the matter.
1) She only has 1 female and 1 male, and she breeds her every other heat, so her income from breeding is not what you would call large. 2) Between costs of caring for all dogs involved, she usually about breaks even, so she opts to not report the earnings from the puppies, due to the fact that she really makes very little money (not really enough to concern the IRS).
Now, if you have many sets of dogs and are constantly breeding year round, it is a different story. First off, you must get a special license to breed if you have more than two bitches in the household that you use for breeding. If you have a breeding license, you must realize that you are looked at specifically as having a 'dog breeding practice' and you should then most definitely list your earnings on your taxes. You should consult with the firm that prepares your taxes as to possible deductions, and what in fact you should and should not claim.
Also, please research and attempt to get a mentor before breeding, for the sake of your doggy parents and puppies.
Just my 2 cents on the issue.
Edit: Oh, and I forgot, the listing. The woman I work with always lists under her own name, not a kennel. |