The bug
Saddles can be equipped on tamed horses by right-clicking on them while holding a saddle. However, doing this erases the saddle's NBT. This issue does not occur if the saddle is equipped via the horse's inventory.
This also affects zombie horses, skeleton horses, mules and donkeys.
How to reproduce
Summon a tamed horse:
/summon horse ~ ~ ~ {Tame:1}
Give yourself a renamed saddle:
/give @s saddle[custom_name='"Test"']
Right-click on the horse while holding the saddle
→ ✔ The saddle is equipped on the horseInspect the saddle equipped on the horse
→ ❌ The saddle does not have its custom name
Related issues
is duplicated by
relates to
Attachments
Comments

Can confirm in 21w06a.
Video attached.
Can confirm in 21w11a.
Can confirm in 1.18.1.
Can confirm in 1.19.

Can confirm iin 1.19.2.
Due to the fixes of MC-183069 and MC-197150, this same concept can now be seen when right-clicking llamas with carpets and when right-clicking zombie horses, skeleton horses, mules, and donkeys with saddles. I've updated this ticket accordingly to mention this new information.
The same also applies to right-clicking horses with horse armor but that's being tracked separately at MC-258360.

Fixed for llamas/carpets in 1.20 Pre-release 2. Horses/saddles are still affected.

Can confirm in 24w21b.