You can also take deductions for costs relating to criminal activity!
You can also take deductions for costs relating to criminal activity!
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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.
Lesson learned. Steal on Jan 1st 00:01, return to owner on Dec 31st 23:59, rinse repeat.
I feel like this is just borrowing with extra steps
Involuntary borrowing. But also nothing stops you from stealing it again on 01-01 @ 00:01.
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