Shanthi,
I know this is a little early to be thinking about taxes for this year, but I was looking at my Stables taxes and noticed that one of my horses appears twice in the list of Racehorses. The horse is Rein of the Tiger. I have a number of horses that appear in both the Racehorses list and the Broodmares list, which is correct, as they raced a couple of times before I retired them to Stud, however, Rein of the Tiger only appears in the Racehorses list, but twice.
The first entry shows him as having earned $295,800 (which agrees with my figures) and that the tax on this would be $29,580.
The second entry shows him as having not raced and with no earnings but with tax of $5,000.
Because of this duplication, the system is showing my Tax owed as $5,000 more than it should be.
Could you please check into this for me when you have a chance. It isn’t urgent as Taxes aren’t due for another 5+ months.
Thanks.