What asset class is a dog used for breeding? Is it considered an asset? I have a dog breeding business.

qdouglas2 · ‎June 6, 2019

IreneS · ‎June 6, 2019

A dog used for breeding can be considered a business asset if you are in the dog breeding business.

They're depreciated over seven years, beginning when the dog reaches maturity for its intended use—so at sexual maturity for breeding purposes.

The American Kennel Club has some useful information: Tax Tips For Dog Breeders

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IreneS · ‎June 6, 2019

A dog used for breeding can be considered a business asset if you are in the dog breeding business.

They're depreciated over seven years, beginning when the dog reaches maturity for its intended use—so at sexual maturity for breeding purposes.

The American Kennel Club has some useful information: Tax Tips For Dog Breeders

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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What asset class is a dog used for breeding? Is it considered an asset? I have a dog breeding business.