We are pleased to report we received a number of favorable responses to our first question and answer column. We also received several new questions which we are addressing at this time. Question #1: From a tax point of view, what should we do if the horses we bought to pinhook can now not be [...]

It's the “Most Wonderful Time of the Year” filled with family, friends and hopes for a wonderful 2020. During this season of giving, The Green Group would like to share some year-end tax-saving strategies to assist with planning your 2019 tax filing. Prepare a 2019 Income Tax Projection In order to determine whether you are [...]

We are on the cusp of the two largest yearling sales–The Keeneland September and Fasig-Tipton October sales. Keeneland is slated to sell over 4,600 yearlings with Fasig scheduled to offer about 1,500 yearlings in their upcoming Kentucky Sale. Currently the yearling market is strong, with record sales being achieved in the first two summer events. [...]

The Thoroughbred industry is one of the ways to own a piece of sports. For those of us who enjoy competition but cannot afford the “billion-dollar price tag” associated with the New York Yankees or Dallas Cowboys, “the sport of kings” provides an opportunity to participate in sports at the highest levels. Due to a [...]

There is an exciting new Tax Law that could: 1. Defer the paying of taxes. 2. Reduce your taxes. 3. Provide a new and exciting way to invest your previous sales proceeds and eventually, if the new investment is profitable, sell the new investment and not pay taxes on the gain. Let's get into the [...]

A popular joke in the world of horse racing is, “it's easy to become a millionaire– just start out a billionaire!” However, it is obviously not that simple. The Green Group has been working in the equine industry for over 30 years, advising people on how to successfully navigate this complicated business. With years of [...]

Working with clients in the horse industry for over 35 years, we have been exposed to a great deal of both successful and failed approaches by owners in all areas of their equine business. With this knowledge, we have been able to provide buyers with the tools that best fit their specific needs. If you [...]

“Proven Strategies” is a new regular series in the TDN, presented by Keeneland. It is written by Len Green of The Green Group and DJ Stables, who won the 2018 GI Breeders' Cup Juvenile Fillies with Jaywalk (Cross Traffic). Does Your Horse Business Income Qualify for the Special 20% Deduction? When Congress announced a tax [...]

Editor's Note: Today's column on equine tax planning is the first in a new regular series in the TDN, presented by Keeneland. It is written by Len Green of The Green Group and DJ Stables, who won the Breeders' Cup Juvenile Fillies this year with Jaywalk. As is often heard in the horseracing industry, “The [...]