Tax Solutions for Horse Owners
- understanding the hobby loss rules
- choosing the best tax entity through which to operate
- determining when to treat horses as inventory or capital assets
- using proper depreciation methods for race/other sporting horses and for other horse farm assets.
We have experience assisting farmers and other landowners with accounting and tax matters, including proper tax accounting for timber operations.
We can assist you in setting up a conservation easement on your property. You can also find information at the Aiken Land Conservancy website.