Why does the Breeders Futurity make sense for the person buying the horse?
From a business and/or tax investment, the buyer has two reasons to buy a Breeders Futurity horse. First, he has the potential to get a return on his investment both from the prize money offered and from the potential of offering the horse for sale at a profit after it has been trained and proven. According to some tax advisors, this program could certainly be viewed as a legitimate business venture because the buyer is buying a product with the expectation of making a profit. As a buyer, you are not writing off depreciation expenses but actual expenses—the same as you would with any business venture. Sale management does advise any potential buyer to consult with his/her CPA and/or tax advisor and make their own decision about this business venture. The Addis Auctions will offer liquidity for the buyer. In most cases, people buy horses and then when they are ready to sell, they have no idea how to sell the horse. By offering several auctions each year, the buyer could buy three horses
