Breeding and the IRS

[WingedWolfPsion]

I use Jackson Hewitt...H&R Block was a ridiculous disaster.
No way am I going to try to do it myself.

I usually at least add up all of my receipts and information, but sometimes I hand them over to the agent, lol.

Some of my equipment was set up to depreciate, some I just claimed full purchase outright.
Not really worried about being audited, but if it happens, I feel sorry for the person who has to do it, because I really am not organized, and have no clue how to get that way.

I will hire someone to do my accounting in the next few years, lol.

Keep track of: All animal purchases, all supplies related to animal care, all equipment purchases, website and domain name fees, and car mileage for trips you make ONLY to purchase business-related things, or sell business-related things. You can also claim your reptile facility if it is a separate area of your home (or a separate building), and you use it for ABSOLUTELY nothing else. (No storing boxes in it, etc). You calculate it as a percentage of the square footage of your home. Being able to prove everything is crucial. You cannot claim anything that has a dual purpose. (If you buy a vacuum cleaner, and you use it for both your home and reptile room/facility, you can't claim it. If it's ONLY used for the reptile room, and never anything else, then you can).