Can I deduct the purchase price of a retired racehorse to train, and then resell?

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No, you would log the racehorse as an asset (purchase price) and then depreciate the horse time. You could deduct any expenses associated with the care and training of the horse.

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I am retired/not receiving income from my past employer. I am able, to purchase unsubsidized medical insurance from my past employer. Is it tax deductable?

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Can I deduct the purchase price of a retired racehorse to train, and then resell?

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