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hi this is randy katniss again from catney so wells today i want to talk about section 183 or whatamp;#39;s known as the hobby loss role which has been in effect for many many years hobby loss rule talks about the idea that the government will subsidize your horse activities and allow you to take deductions for your normal expenses and costs of running and operating a horse business or any type of horse activity but the but the law says that if youamp;#39;re gonna if weamp;#39;re gonna allow these deductions if weamp;#39;re gonna subsidize your activity you have to be engaged in the activity with an intent to make a profit what does that mean section 183 and they have treasury regulations that that address or interpret it basically provides that you need to act as if youamp;#39;re trying to make a profit and itamp;#39;s okay to lose money for many many years provided youamp;#39;re trying to make money and you show an indicia or certain factors which establish youamp;#39;re tryi