They loved horses. They lost money. 🐴
But was it still a business?
An Idaho couple spent decades raising cattle and breeding horses. Even after bankruptcy cost them most of their ranch, they kept the horses—and kept breeding them.
For six straight years, they reported losses.
The IRS said: hobby.
They said: business.
Both sides have good facts. But the tax consequences are very different.
So, you be the Tax Judge.
A. Business
B. Hobby
Read the case and vote in the poll. And then tell me why you picked A or B.
https://www.taxgirl.com/2026/10/06/you-be-the-tax-judge-they-loved-horses-they-lost-money-was-it-still-a-business/
Thank you for creating this community and for putting forward-thinking challenges like this in front of us. So cool!








