Funny thing is that losses due to theft were tax-deductible until 2022, when the Trump's Tax Cuts and Jobs Act of 2017 eliminated many itemized deductions in lieu of a higher standard deduction. You are still required to report gains from theft as capital gains of course.
8 Comments
piecat@lemmy.world · 11 pts · 3y
Good luck getting a receipt
dystop@lemmy.world · 9 pts · 3y
Real SLPT: ask if they are a registered tax-exempt organisation, and in the ensuing confusion punch them in the face.
killer_penguin@lemmy.world · 3 pts · 3y
Make sure to ask for one
TauZero@mander.xyz · 3 pts · 3y
Funny thing is that losses due to theft were tax-deductible until 2022, when the Trump's Tax Cuts and Jobs Act of 2017 eliminated many itemized deductions in lieu of a higher standard deduction. You are still required to report gains from theft as capital gains of course.
Cal@kind.social · 3 pts · 3y
@killer_penguin The Ankh-Morpork Thieves' Guild issues receipts for exactly this reason.
TurboDiesel@lemmy.world · 1 pts · 3y
Who has the time to itemize‽
coldhotman@nrsk.no · 1 pts · 3y