IRS Guidance for Thieves, Drug Dealers, and Corrupt Officials (2014)(taxfoundation.org) |
IRS Guidance for Thieves, Drug Dealers, and Corrupt Officials (2014)(taxfoundation.org) |
"Fair market value" as stolen goods, or if it could be sold with a clean title?
What if that value changes between when it's stolen and the end of my tax year, or when I sell it? Should I treat the latter as a short-term capital gain or loss?
BTW, can I ask my fence to do tax withholding for me, when I sell my loot?
Um...just asking for a friend.
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