- 8 -
week.6 She has never decreased the 36 hours per week that she
has worked as a dentist to devote more time to the horse
activity, and she has never increased the 30 hours per week that
she has devoted to the horse activity. She acknowledges that the
raising of horses is a physical activity that will be more
difficult for her to perform as she gets older.
Petitioner did not maintain a separate bank account for the
horse activity, and she has never had business cards for the
horse activity. Nor did she keep many records for the horse
activity. The records which she kept for the horse activity
consisted primarily of minimal pedigree, registration, health,
breeding, and competition documents relating to some (but not
all) of the eight horses which were part of that activity.
V. Petitioner’s Horses
A. Overview
Petitioner has throughout her life owned a total of eight
horses (the eight horses referenced above), one of which was
stillborn and another one of which died 9 months after birth.
The names of the seven horses which survived birth are Feyras
Raehele, Kart Blanche, Silent Reign, Borissa, VT Kartel, Bogaz,
and Censuous. Following her sales of Silent Reign and Bogaz in
6 The record does not reveal how much of the 30 hours per
week for 1998 was attributable to time that petitioner spent with
a horse named Silent Reign. As noted below, petitioner sold
Silent Reign on Dec. 31, 1997, but continued to keep it at the
Falling Water Way property.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011