>Stolen property. If you steal property, you must report its fair market value in your income in the year you steal it I wonder do you get to write-off the rel

>Stolen property. If you steal property, you must report its fair market value in your income in the year you steal it I wonder do you get to write-off the related expenses? Also, what if the expenses are larger than the income? All those expense in preparation to the failed heist... >The conclusion of the matter is unsurprising; it would be absurd to exempt criminals from reporting income on their tax forms while asking it of honest workers. curiously, in case of machine gun registration the conclusion was different : https://en.wikipedia.org/wiki/National_Firearms_Act#Exceptions https://en.wikipedia.org/wiki/National_Firearms_Act#Exceptio... "The United States Supreme Court has ruled in Haynes v. United States that the Fifth Amendment to the United States Constitution exempts felons—and, by extrapolation, all other prohibited possessors—from the registration requirements of the Act. "