Comments on: The 9 Strangest Tax Write-Offs http://www.getrichslowly.org/blog/2006/07/29/the-9-strangest-tax-write-offs/ personal finance that makes cents Mon, 13 Oct 2008 14:12:22 +0000 http://wordpress.org/?v=2.5.1 By: Brandon http://www.getrichslowly.org/blog/2006/07/29/the-9-strangest-tax-write-offs/#comment-81735 Brandon Tue, 20 Mar 2007 20:34:36 +0000 http://www.getrichslowly.org/blog/2006/07/29/the-9-strangest-tax-write-offs/#comment-81735 According to tax laws you can depreciate any livestock that is used for breeding. This would include an ostrich. According to tax laws you can depreciate any livestock that is used for breeding. This would include an ostrich.

]]> By: Jordan http://www.getrichslowly.org/blog/2006/07/29/the-9-strangest-tax-write-offs/#comment-4624 Jordan Mon, 31 Jul 2006 19:14:11 +0000 http://www.getrichslowly.org/blog/2006/07/29/the-9-strangest-tax-write-offs/#comment-4624 I have a friend who makes a pretty good living gambling online. It is not (as far as I can tell) generally well known that gambling online is actually not legal in the U.S. (except, of course, for the government's own lotteries, and certain horse/dog racing activities.) My friend has always disclosed his profits gambling online when paying his taxes. He told me that the government may not use the information on your tax return as evidence in a non tax-related case. Does anyone know if this is actually true? I thought it kind of related to the case about the arson. I have a friend who makes a pretty good living gambling online. It is not (as far as I can tell) generally well known that gambling online is actually not legal in the U.S. (except, of course, for the government’s own lotteries, and certain horse/dog racing activities.)

My friend has always disclosed his profits gambling online when paying his taxes. He told me that the government may not use the information on your tax return as evidence in a non tax-related case.

Does anyone know if this is actually true? I thought it kind of related to the case about the arson.

]]> By: dj http://www.getrichslowly.org/blog/2006/07/29/the-9-strangest-tax-write-offs/#comment-4527 dj Sun, 30 Jul 2006 20:54:38 +0000 http://www.getrichslowly.org/blog/2006/07/29/the-9-strangest-tax-write-offs/#comment-4527 i agree with your opinion. dj french i agree with your opinion.

dj french

]]> By: jenefer http://www.getrichslowly.org/blog/2006/07/29/the-9-strangest-tax-write-offs/#comment-4432 jenefer Sun, 30 Jul 2006 00:58:14 +0000 http://www.getrichslowly.org/blog/2006/07/29/the-9-strangest-tax-write-offs/#comment-4432 If you can depreciate a race horse and a cow, I don't know why you couldn't depreciate an ostrich if it was an income producing asset. I'm not sure the IRS has guidelines for ostriches, but if I was in the business, I certainly would come up with my opinion and try it. Odd because it is unusual, not odd because it is wrong. If you can depreciate a race horse and a cow, I don’t know why you couldn’t depreciate an ostrich if it was an income producing asset. I’m not sure the IRS has guidelines for ostriches, but if I was in the business, I certainly would come up with my opinion and try it. Odd because it is unusual, not odd because it is wrong.

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