IRS now offers faster depreciation on Racehorses!

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06-24-2008, 01:53 PM

TaxGuru

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IRS now offers faster depreciation on Racehorses!

Great News for Racehorse Owners!

Effective 2009, the IRS has announced that "Horses up to 2 years old and put in use from 2009 through 2013 will get a 3 year write-off" as compared to 7 year depreciation period under the previous!

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