The Equine Expert

Racehorse Depreciation
By Steven A. Sansone

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Attention 2020 Thoroughbred yearling buyers. This is a reminder that as of December 2019 three-year tax depreciation for all racehorses has been extended through this year.

The provision allows taxpayers to depreciate, on a three-year schedule, racehorse 24 months of age and younger when purchased and placed into service. The prior provision was seven- years.

This schedule is a beneficial option for racehorse owners such as racing partnerships with multiple passive owners as it better aligns deductions with corresponding income opportunities on an annual basis.

If you feel this provision is applicable consult with your tax advisor.

•    Source, NTRA

NOTE: Steven Sansone is an expert witness for the racing industry with The Equine Expert LLC, which is a multi-discipline equine expert witness and consulting firm. Expert equestrians join together to offer legal expert witness and consulting services in legal and business matters. We have consultants offering a wide variety of expertise in most all disciplines in the horse industry. For more information on their services, or to schedule an appointment with Steven for the racing industry, email

Steven Sansone has conducted mating’s for over 250 mares and is President of Long Grove Bloodstock LLC. One of the recent successes is the current 3 year-old stakes winning filly, LAOBANONAPRAYER. She is her sire’s, Laoban, third leading runner. In 5 starts she has Two Wins, Twice Second, and Once Third. Her wins were in the New York Stallion Fifth Avenue S. & Maid of the Mist S. Her earnings to date are $252,400.00. You can reach Steven for expert services at


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