Pied Garters.. Has anyone seen this?

[annulataarethebest]

Jeff, I don't mean to sidetrack the topic here... But can you really claim a $5,000 loss on taxes for snakes???? I'm just asking because I've probably spent $20,000 on snakes this year and did not get anywhere near that much in return...

[jitami]

Jeff, I don't mean to sidetrack the topic here... But can you really claim a $5,000 loss on taxes for snakes???? I'm just asking because I've probably spent $20,000 on snakes this year and did not get anywhere near that much in return...

I'll let Jeff be more specific, but generally, yes. If you run your hobby like a business and every so many years you show a profit you can claim the losses in off years. I don't know if you need a business license or what the specifics are, though.