Roderick P. Strickland and Linda G. Strickland - Page 9




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          training process because she believed it was it was better than             
          other methods, and it was cheaper than using a horse trainer.               
          Petitioner also sent horses to trainers for additional training.            
               Petitioners advertised individual horses for sale in a local           
          newspaper.  They did not insure horses they foaled or any horse             
          worth less than $20,000.                                                    
               4.   Petitioners’ Boarding and Leasing Activity                        
               Petitioners decided to board horses beginning in December              
          1995 to help generate more income.  Based on the cost of feed,              
          hay, sawdust, labor to clean stalls, electricity, and insurance,            
          they concluded that it would cost about $95 per month to board a            
          horse for a customer.  They hired an attorney to write a form               
          contract and release of liability form to use for boarding                  
          horses.  They had the forms printed.                                        
               Petitioners boarded two horses in January and February 1996,           
          three in March, six in April, four in May, five from June to                
          August, six in September, five in October, seven in November, and           
          four in December.  They obtained customers through referrals.               
               Petitioners retained an attorney to write a horse lease                
          agreement form which they had printed.  Petitioners leased                  
          Tequila Twist and Babes Little Luck to local 4-H Clubs for $175             
          per month each from December 1, 1995, to October 31, 1996.  The             
          4-H Club members rode the leased horses on petitioners’ property.           
          As a favor to the lessees, petitioners sometimes hauled the                 






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