How big does a breeding operation have to be to be set up as an actual business?
I sold a horse last year and am breeding my mare this year; unsure whether her foal will be for resale.
We did our taxes today and the subject came up.
Any of you out there have very small scale, but actually official breeding businesses?
Where I live you would only have to make $7k to get farm status via horse breeding. Obviously financially you couldn't live on anything like that but it would pass as a business venture even at this low turnover. You'd have to check your state regulations - your accountant should know or check the State websites for info.