can I write off a horse as an expense of my business

Forum|Forum|4 years ago
March 31, 2022
3 replies
15 views

I have a client that trains peoples horses and wrote a book on how to train horses and regularly post training videos. Can she write off the horses food and health insurance that she uses to demonstrate the training with?

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Best answer by dkh

There is a line for insurance on the Schedule C - don't enter into the health insurance area, that's meant for taxpayer health insurance. As for the food, you'll need to enter a description and $ in the Other Expenses.

dkh

Level 15

Are you asking if the horse food for the client's horses can be written off? Sure, why not if it is part of the business expense.

Can you clarify what this means health insurance that she uses to demonstrate the training with?

M

monicacAuthor

Level 5

Health insurance for the horse.

What category should I list the expenses under?

dkhAnswer

Level 15

There is a line for insurance on the Schedule C - don't enter into the health insurance area, that's meant for taxpayer health insurance. As for the food, you'll need to enter a description and $ in the Other Expenses.

qbteachmt

Level 15

Normally, people pay to have a horse boarded and trained, and that fee includes food. Then, the facility has animal feed expense. Vet bills and shoeing are passed along and often with markup. The insurance paid for would be general insurance; the owners would have horses insured.

Are you sure this person even understands their own business model?

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