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General Category => Harness Racing => Topic started by: Seamus11 on November 05, 2018, 03:41:13 PM

Title: End of the year.. good or bad time to claim one?
Post by: Seamus11 on November 05, 2018, 03:41:13 PM

Often wondered if it’s the best or worst time of year to pick one up?  The good?  Maybe someone looking to unload at a better than normal tag.  The bad?.... the horse is exhausted and won’t be able to handle the winter racing and it’s nothing but paying the training bills for the winter.  Thoughts?

Title: Re: End of the year.. good or bad time to claim one?
Post by: Brown jug on November 05, 2018, 07:45:23 PM

lots of money to be made in the winter
buy one at the mixed sale or claim some of the three year olds that are in for a tag

Title: Re: End of the year.. good or bad time to claim one?
Post by: Fatboy on November 05, 2018, 07:48:39 PM

early imo...catch a guy puttin one in for a tag cuz he cant find a condition and wont ship...easy pickins tmbz1

Title: Re: End of the year.. good or bad time to claim one?
Post by: spaheaven on November 05, 2018, 11:36:14 PM

Make sure you claim the 3yos before Dec. 31 so you pay the 50% juice...that's usually a good strategy.

Title: Re: End of the year.. good or bad time to claim one?
Post by: Field_In_Motion on November 06, 2018, 07:29:58 AM

SHRINK DOWN THEM CAPITAL GAINS TO AVOID THE TAX BURDON IF YOU WERE LUCKY TO HAVE MADE MONEY DURING THE YEAR.
COME THE THE FOLLOWING YEAR JAM THEM BACK IN TO FREE UP THE CASH AGAIN