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