ickplant@lemmy.world to Lemmy Shitpost@lemmy.world · 9 months agoYou can also take deductions for costs relating to criminal activity!lemmy.worldimagemessage-square2fedilinkarrow-up13arrow-down10file-text
arrow-up13arrow-down1imageYou can also take deductions for costs relating to criminal activity!lemmy.worldickplant@lemmy.world to Lemmy Shitpost@lemmy.world · 9 months agomessage-square2fedilinkfile-text
minus-squareblackbrook@mander.xyzlinkfedilinkarrow-up0·9 months 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-squarewreckedcarzz@lemmy.worldlinkfedilinkEnglisharrow-up1·9 months ago“damn, I can’t steal any more this year or I go up another tax bracket”
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”