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Posted by Paultry on March 20, 2008, 3:57 pm
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I submitted my original question on this subject to IRS via
email shortly after posting it here. I didn't anticipate a
timely IRS response. To my surprise, an IRS email arrived
today! Here is the "official" IRS answer (or at least the
official response of one IRS employee):
The Answer To Your Question Is:
Thank you for your inquiry of March 19, 2008. I understand
you have a question concerning the depreciation of a working
dog.
A working dog is an asset of the business. Dogs are not
listed separately in the publications because many people
would try to depreciate or deduct the costs of the family
pet. A family pet is not deductible.
You will be able to depreciate the cost of obtaining a
working dog. The recovery period of an asset used in animal
husbandry is 7 years under the general depreciation system
and 10 years under the alternate depreciation system.
You will also be able to deduct the ordinary and necessary
expenses of keeping a working dog. These costs include the
cost of food and veterinary care.
References
* Publication 946, How to Depreciate Property
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