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Originally Posted by Cannon Shell
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.
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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..