ickplant@lemmy.world to Lemmy Shitpost@lemmy.world · 2 years agoYou can also take deductions for costs relating to criminal activity!lemmy.worldimagemessage-square68fedilinkarrow-up1631arrow-down12file-text
arrow-up1629arrow-down1imageYou can also take deductions for costs relating to criminal activity!lemmy.worldickplant@lemmy.world to Lemmy Shitpost@lemmy.world · 2 years agomessage-square68fedilinkfile-text
minus-squareblackbrook@mander.xyzlinkfedilinkarrow-up13·2 years agoSo 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?
minus-squareMidnight Wolf@lemmy.worldlinkfedilinkEnglisharrow-up10arrow-down2·2 years ago“damn, I can’t steal any more this year or I go up another tax bracket”
minus-squareanton@lemmy.blahaj.zonelinkfedilinkarrow-up0·2 years agoAmericans will never understand tax brackets.
minus-squareGluWu@lemm.eelinkfedilinkarrow-up1·2 years agoInternet users will never understand sarcasm.
minus-square1couchpotato@lemmy.dbzer0.comlinkfedilinkarrow-up1·2 years agoFrom what I remember you actually can’t claim deductions for illegal activity. I believe the post title is wrong.
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?
“damn, I can’t steal any more this year or I go up another tax bracket”
Americans will never understand tax brackets.
Internet users will never understand sarcasm.
From what I remember you actually can’t claim deductions for illegal activity. I believe the post title is wrong.