Criminals don't forget to pay your taxes...
From IRS Publication 525, 2022 Taxable and Nontaxable Income:
Illegal activities. Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Schedule 1 (Form 1040), line 8z, or on Schedule C (Form 1040) if from your self-employment activity. (on page 35)
Stolen property. If you steal property, you must report its FMV in your income in the year you steal it, unless in the same year you return it to its rightful owner. (on page 37)
https://www.thegatewaypund...
From IRS Publication 525, 2022 Taxable and Nontaxable Income:
Illegal activities. Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Schedule 1 (Form 1040), line 8z, or on Schedule C (Form 1040) if from your self-employment activity. (on page 35)
Stolen property. If you steal property, you must report its FMV in your income in the year you steal it, unless in the same year you return it to its rightful owner. (on page 37)
https://www.thegatewaypund...
02:05 AM - Mar 11, 2023
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