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The depreciation schedule (MACRS) depends on the horse's age when you "placed it in service" (began using it for lessons):
3-Year Property for a horse that is more than 12 years old when you started using it for business.
7-Year Property for any horse 12 years old or younger when placed in service.
I knew what the depreciation needed to be. The trouble was actually that I was using the online version of TurboTax. It doesn't allow customization of asset depreciation. Not to that level anyway. Once I switched to the desktop version, problem solved.
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