We have a huge rabbit we keep for showing during Easter time on our Pet Farm. Can we deduct the cost of feeding this Rabbit on our tax return?
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Tax Professional Answers
William Keats
If the Pet Farm is an actual business, and it is not your hobby, and treated as a farm (tax returns, etc.), and the rabbit is considered a major asset, the cost of feeding him/her should be deductible.
I would think you have liability insurance and regular insurance for all the animals.
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559 weeks ago
I would think you have liability insurance and regular insurance for all the animals.