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You can also take deductions for costs relating to criminal activity!
You can also take deductions for costs relating to criminal activity!
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117 comments
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So then if you get caught and these are taken away from you, I assume you can declare it as a loss and get an equivalent deduction the next year? I wonder if anyone's ever used this to their advantage to game their tax rates?
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"damn, I can't steal any more this year or I go up another tax bracket"
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Americans will never understand tax brackets.
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Internet users will never understand sarcasm.
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Or more accurately: “I need to steal at least $3k more in stuff so I can properly tax loss harvest on my criminal activities”
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This guy crimes (and taxes)
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From what I remember you actually can't claim deductions for illegal activity. I believe the post title is wrong.
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117 comments