The IRS doesn’t want you to forget to include income from dealing illegal drugs or stolen property on your tax forms this year.
“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,” the IRS’ website states.
The list was created to help those preparing their 2021 tax returns.
It also mentions stolen property — unless it’s returned to the owner.
“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,” the website states.
Other income includes bribes.
“If you receive a bribe, include it in your income,” it read.
The list also includes a number of other items, including gambling winnings, sale of home and more.
Tax Day for the majority of the country is April 18, 2022.
