Are there attractive tax advantages to raising alpacas?
Raising alpacas at your own ranch for profit can offer some attractive tax advantages — all the expenses attributable to the endeavor can be written off against your income. If you choose to agist (board) your animals, many advantages still apply. A helpful publication is the Farmers Tax Guide IRS Publication 225 which is available from the Cooperative Extension or online from the IRS.
Raising alpacas at your own ranch for profit can offer some attractive tax advantages — all the expenses attributable to the endeavor can be written off against your income. If you choose to agist (board) your animals, many advantages still apply. A helpful publication is the Farmers Tax Guide IRS Publication 225 which is available from the Cooperative Extension or online from the IRS.
