How Much the Horses Were Worth
3ABN president Danny
Shelton told his ex-wife Linda that he wanted to get a cash receipt after donating two horses to
Stephen Lewis in 2004. At first Danny said the receipts for the two horses were to total $20,000,
but less than 14 hours later he said they were going to total $40,000. He said he planned on using his receipt
for a tax deduction.
Were the two horses really each worth $10,000 or $20,000, and thus was his claimed tax deduction legitimate?
How many horses of that much value did Danny have? Take a look and see by reading Danny's own testimony.
Itemized List of All 15 Horses
The 15 horses itemized below, apparently all that Danny owned in the summer of 2004,
weren't quite worth an average of $2,050 apiece, far less than $10,000 or $20,000 apiece.
|
-------- Original Message --------
| From: |
Danny Shelton |
| To: |
Linda Shelton |
| Subject: |
Property Division 7-5-04 |
| Date: |
Wednesday, July 07, 2004 8:57 AM |
|
Property Division/Settlement
7-5-04
...
other assets
14 horses guestimated worth $ 28,000
...
The horses will be divided 50/50 when sold.
...
See page 3 for list of horses and approx. value.
Pg. 3
| Approx. value |
| Zans Genuine Gold, a 2 yr. old filly by Genuine Doc. | $5,000 |
| A 2004 baby stud colt by Genuin Doc. | $5,000 |
| Zans Light Reiner a quarter horse | $2,500 |
| Sand Chica Ton, Apha | $2,000 |
| Spookes Black Star | $1,500 |
| Q Tons black Spook | $1,500 |
| Drum N Up Black Stud | $2,000 |
| Drum N Up Sand Filly | $1,500 |
| Zans Drummer Girl, 3 year old filly | $1,200 |
| Paid By Chica Ton 2 yr old by Paid by Chick | $3,000 |
| Spookies Black Beauty 2 yr. old Filly | $1,500 |
| TR Black Chica Ton yearling stud colt | $1,000 |
| Spookies Colormaker yearling filly | $1,000 |
| 2004 black white baby | $1,500 |
| 2004 buckskin baby | $ 500 |
| ____________
$30,700 Total |
|
The Cheap Horse Buyer
The following email depicts a fellow who only wanted to pay $250 to $600 per horse, far less than $10,000
or $20,000 apiece.
|
-------- Original Message --------
| From: |
Danny Shelton |
| To: |
Linda Shelton |
| Date: |
Tuesday, September 07, 2004 3:39 PM |
|
The horse buyer laughed his sockes off. He was offering and
average of $250.00 per yearling for the two black and white homozygous's.
He offered $600 for our big 3 yr old Drum N Up Spots filly. and
$500 for a nice two year old black and white Little Spook filly.
He offered $350 for our baby paint sort of buckskin colored homo
baby.
I sent him home quickly.
I have another horse buyer coming, maybe, this week. He probably
won't offer much more.
If you want me to give some of them away for those kind of
prices I will, but I thought I would try a couple other options
first.
Donating worked out great to SIU but they don't even want
any either.
X
Please pay up on our bet. You know and I know and God knows,
I won that bet. You don't spend nearly 5 weeks with a man traveling
everywhere together to watch TV. Please keep your promise and
pay up. Cash will be fine.
|
The July 2006 Affidavit
According to the following excerpt from Danny's
Financial Affidavit, 10 of his horses had an
average value of $1,750 apiece, and two more that were sold had an average value of $2,250.
Again, we find these values to be far less than $10,000 or $20,000 apiece.
|
| VI. |
ASSETS (CONT.)
HOUSEHOLD GOODS, APPLIANCES AND ALL OTHER PROPERTY NOT PREVIOUSLY LISTED: |
|
|
