Ask the Experts

The ITBA's Educational Programme - Ask The Experts Series continues next Thursday, May 6 with the webinar 'Importance of Good Equine Dental Care.' The webinar will take place from 7 p.m. to 8 p.m. and is free, but advanced registration is required by contacting Kerry Ryan ([email protected]). The webinar will be delivered by veterinary surgeon Pat O'Sullivan of Troytown GreyAbbey.

Today, we begin a new column where readers are invited to write in and ask our expert Len Green their equine-related tax and accounting questions. Have a question you'd like answered? Email [email protected] Question #1: I am a partner in a racing syndicate. I received a K-1 form which shows a loss for the year. My accountant is questioning whether I am entitled to deduct the loss. What is the problem? Losses from partnership ownership fall into three categories: a. Active--which means the losses can be used to offset any...