Home Current News News Archive Shop/Advertise Ridecamp Classified Events Learn/AERC
Endurance.Net Home Ridecamp Archives
ridecamp@endurance.net
[Archives Index]   [Date Index]   [Thread Index]   [Author Index]   [Subject Index]

[RC] Arabian numbers - Michael Maul

In response to:"The year 1990 is an interesting time
frame since that was close to the year the IRS changes the status of
deductions for horses - which had a huge impact of the Arab industry. "

Actually the year was 1987 when the IRS changed the rules to only allow those who were "active" participants instead of "passive" participants. The IRS also started actively going after those who had a Schedule C enterprise relating to horses.

It dropped the bottom out of the Arabian market.

The other interesting part of the AHA statement was:

One chart reflected that 75 percent of our horses are 16 years or older, telling us that people are not breeding.

Mike

=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=

Ridecamp is a service of Endurance Net, http://www.endurance.net.
Information, Policy, Disclaimer: http://www.endurance.net/Ridecamp
Subscribe/Unsubscribe http://www.endurance.net/ridecamp/logon.asp

Ride Long and Ride Safe!!

=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=