Where owners of a horse farm kept poor records and tolerated significant losses for many years, the farm was not a business engaged in for profit.The 7th U.S. Circuit Court of Appeals affirmed a decision by U.S. District Judge Richard Henry Mills, Central District of Illinois.Wilma Stuller and her late husband, Harold, lived in Springfield and owned several Steak ‘n Shake franchises throughout central Illinois. The Stullers also bred racehorses. In 1985, they decided to move their horses to a warmer climate and …