Our female dog we use for production died in 2016. how do I show that on our tax return?

h-jlevalley · ‎June 4, 2019

Cattlerancher · ‎June 4, 2019

If you depreciated purchased breeding stock that died, you would report the sale of the business asset for $0. This will remove the asset from your Asset List and no tax will be due.

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xmasbaby0 · ‎June 4, 2019

What is for production?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

DoninGA · ‎June 4, 2019

For a deduction? There is no deduction for the passing of a pet or a service animal.

h-jlevalley · ‎June 4, 2019

This dog was used in our dog production business.

VolvoGirl · ‎June 4, 2019

Had you added her as an Asset?

h-jlevalley · ‎June 4, 2019

yes

SweetieJean · ‎June 4, 2019

Was she still of breedfing age?

h-jlevalley · ‎June 4, 2019

Yes she was still of breeding age.

Cattlerancher · ‎June 4, 2019

If you depreciated purchased breeding stock that died, you would report the sale of the business asset for $0. This will remove the asset from your Asset List and no tax will be due.

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Our female dog we use for production died in 2016. how do I show that on our tax return?