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Trapping and your Taxes

Posted: Wed Mar 14, 2007 5:54 am
by lyonch
I was reading a article in fur fish and game the other day they were talking about how you can wrie off all your stuff for trapping on your taxes. They went as far as to say if you track your miles involved while trapping it turns out to be about $2 and some odd cents for every 20 miles. I was curious if any of you guys do this. They said it was like owning a little buisness but you do need to claim your income for the hides also.

Posted: Wed Mar 14, 2007 7:00 pm
by Coyotehunter
I have been doing that for about 5 -6 years now. I keep track of everything, it really makes scence to run it like a business.