I have a little experience in what it costs to have thoroughbreds in training. He cant make money. It is impossible even for a gyp operation. Whether he is using the loss for some kind of tax relief is another question.
The interesting thing is that he runs them under his specific name, and not under an LLC.
IRS will be able to have a field day just on that very stance if they ever bust out the hobby vs business on him..
01-26-2010, 05:26 PM
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