Wildlife Breeding Can Drastically Reduce Your Tax Burden!
Animals purchased for the purpose of breeding vs a hobby are considered assets and may be depreciated using section 179 and 168k of the IRS code (Depreciation and Bonus/Accelerated Depreciation). Currently these are 60% deductible in the year they are acquired. There are other deductions available for your breeding operation that we recommend you discuss with your accountant or tax advisor.
Additionally, WildLife Partners provides a safe and secure outlet for revenue generation by purchasing any offspring your ranch produces. This can generate annual cashflow for your breeding operation.
The best way to get started is with the creation of a comprehensive Business Plan.
Included in your fully customized business plan:
- Tax Data
- Soil & Vegetation Analysis
- Stocking Rates & Nutritional Requirements
- Return on Investment Data for Recommended Species