Tax Advantages

/Tax Advantages

Part I – Tax Benefits of Alpacas

By: Gina Morgan Provided you meet the minimum requirements, there are many tax advantages available to alpaca owners. An owner does not have to be caring for the alpacas on their own land on a daily basis in order to benefit from tax breaks. You may agist your alpacas (passive ownership) and still claim deductions, [...]

By | 2017-12-29T20:47:53+00:00 September 3rd, 2015||Comments Off on Part I – Tax Benefits of Alpacas

Part II – More Tax Benefits

By: Gina Morgan The following are some of the expenses which may be deducted from income for tax purposes: Cost of alpacas used for breeding. Veterinary care. Medication and supplies for livestock Feed, hay and minerals for livestock Cost of Agistment (boarding fees) Seed and plantings Breeding fees Shearing expenses Real property improvements such as [...]

By | 2015-09-03T17:14:56+00:00 September 2nd, 2015||Comments Off on Part II – More Tax Benefits