From: utzoo!decvax!harpo!eagle!mhuxt!mhuxa!maul
Newsgroups: net.taxes,net.invest
Title: Tax writeoffs-Investments in Arabian horses
Article-I.D.: mhuxa.1007
Posted: Tue Jan  4 08:41:48 1983
Received: Wed Jan  5 01:06:16 1983

Investment/Tax writeoffs on Arabian Horses

Since both my wife and I work, we contribute heavily to the IRS every April.
She has talked to some people who have invested in Arabian horses as an
investment and tax shelter.  The initial investment is about $18K with
a horse costing about $60K over 3 years.  The friends use words like
200% depreciation over 3 years and high profits/low risk etc.

Since I have never believed in the free lunch principle, is there 
anyone that has either experience in this area or knows of published
information that is available?


Thanks,

Mike Maul- btl
mhuxa!maul