2 ms·
> unless you are a drug dealer or similar IRS might not know about those activities, but that income is supposed to be reported. Illegal activities. Incom
by omoikane 3y ago
> unless you are a drug dealer or similar
IRS might not know about those activities, but that income is supposed to be reported.
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.
https://www.irs.gov/publications/p525#en_US_2023_publink1000229557 https://www.irs.gov/publications/p525#en_US_2023_publink1000...