- 16 - scientific and practical aspects of breeding and training and not on the business aspects thereof. Petitioner’s discussions with a C.P.A. amounted to little more than how to keep track of and to maintain expense receipts for tax purposes. We conclude that petitioner was not an expert and did not seek out expert advice regarding the economic aspects of carrying on a horse activity for profit. This factor weighs in favor of respondent. Time and Effort Petitioner Expended in Carrying On the Activity Section 1.183-2(b)(3), Income Tax Regs., specifies that devotion of much personal time to an activity and withdrawal from another occupation may evidence a profit objective. This is particularly true where the activity does not have substantial personal or recreational aspects. Id. Petitioner contends that this factor weighs in her favor because she voluntarily opted to work fewer shifts at the hospital to spend more time on her horse activity. However, petitioner’s initial reason for working at the hospital only 2 and 1/2 days a week was because she felt “burned out” and wanted to spend more time with her children. We recognize that feeding and watering horses and cleaning stalls may be unpleasant tasks, but they are involved in caring for horses regardless of whether an activity is pursued as aPage: Previous 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 NextLast modified: November 10, 2007