no kidding....duhhhh<quoted text>
For your accountant it might be legal since he might be able to prove that he was attempting to make money. But for people who raise horses because they like them as pets or to ride as a hobby, it is not legal. Business expenses == legal. Hobbies = not legal.
Don't like it? Move to Bhutan.
for your info Bozo...Mitt had show horses FOR MONEY! Therwfore it IS a writeoff as it is a business.
...maybe you could train a rat or two.