- 5 -
1991 1992 1993 1994 1995 1996
Advertising --- --- $85 $45 --- $25
Depreciation$1,440 $4,019 4,321 3,728 $4,235 3,154
Insurance 216 511 557 --- 557 576
Supplies 75 425 --- --- --- ---
Repairs --- --- --- --- 165 ---
Veterinarian1,270 432 803 229 612 663
Horse shows3,338 2,946 2,068 2,413 1,633 ---
Dues 116 480 415 175 210 455
Feed & bedding 3,1392,281 4,225 3,050 3,932 4,556
Professional
training &
board 3,695 3,785 2,780 4,380 3,070 ---
Stable help810 1,580 2,130 1,880 2,040 1,189
Blacksmith 865 --- --- --- 497 365
Farrier --- 927 1,105 896 --- ---
Equipment &
outfit --- --- 894 979 66 43
Sponsorship --- --- --- --- 205 30
Transfer fee --- --- --- --- --- 30
Dr. Hillman has been involved with horses for 40 years. He
has owned horses since 1982, when he purchased two Morgan horses,
Pal Joey and Lady Arrow. A Morgan is a very even-tempered breed
that is quite versatile, suitable for riding, jumping, or draft
purposes. Morgans live approximately 30 years.
In 1987 or 1988, Dr. Hillman was involved in a prior horse-
breeding activity, which was abandoned after 3 years because it
was unprofitable.
During the years 1991 through 1996, petitioners owned five
horses, Riskybiznis, Ben Hur, Chicardo, Ashley, and Pal Joey, but
only two of the horses were consistently claimed as part of
petitioners’ show horse activity during the period; namely,
Riskybiznis, claimed for every year, and Ben Hur, claimed for
every year starting in 1992 when petitioners acquired him.
Chicardo, although purchased in 1985 and sold on June 1, 1995,
was claimed only in 1994 and 1995. Ashley, acquired in 1984 and
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Last modified: May 25, 2011