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No, because you have to pay taxes on income you receive from illegal activities. https://www.irs.gov/publications/p17 https://www.irs.gov/publications/p17 Ill
by dxf 5y ago
No, because you have to pay taxes on income you receive from illegal activities.
https://www.irs.gov/publications/p17 https://www.irs.gov/publications/p17
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 8, or on Schedule C (Form 1040) if from your self-employment activity.
- FDSGSG 5y ago>Stolen property. If you steal property, you must report its fair market value in your income in the year you steal it unless you return it to its rightful owner in the same year. :)