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Add horses as a type of asset.

Status: New
Vote now if this is a good idea
Comments
Level 15

Not just horses - all livestock: dairy cattle, hogs, sheep, goats   and breeding dogs

Level 3

@dkh, keep in mind that according to part 4 of Schedule F income from raising dogs is properly reported on Schedule C. Also, I am not aware of any specific class life for dogs, leaving it as a general 7/12 asset.

Level 15

@Code_Reader    the OP never mentioned Sched F and neither did I.    Just wishing for more options in asset entry drop down.     

Level 3

@dkhCorrect. I was just pointing out that 1. The asset you mentioned with a number of Schedule F assets does not belong on F, a problem I often see on returns other accountants have prepared, and 2. The correct class life for dogs is already in the drop down. No offense meant.

Level 15

Been doing taxes for 30+ years.......thanks for your concern