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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Jan 06, 1982
Page
13
The article explains IRS section 183 criteria for distinguishing horse farming as a business versus a hobby. It outlines profit tests, past performance, and factors used to determine if deductions are allowed, noting consequences if the operation is deemed a hobby.
Madison will host the third annual Midwest Horse Fair in April co produced by On Course Promotions and the Wisconsin State Horse Council. The event led by managing director Leslie McDonald aims to showcase diverse breeds and riding techniques while informing horse owners of new developments with a strong youth focus highlighted by the National Youth Leader Horse Symposium sponsored by the National Horse and Pony Council.
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