Adoption Incentive and the IRS

On Day 2 of the WHBAB meeting in Boise (07/10/19), one of the Board members asked “If I were to take a couple of these horses, is that $2,000 taxable income?  Or how is it viewed by the IRS?”  Answer: “It is taxable.”

Other Income-1

Depending on your location, the state may want a piece of the action too.

Financial incentives shift the motivation from intrinsic to extrinsic: Do it for the money.

Then, when the reward goes away, so does the behavior.

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