Microsoft is the first big company to say it's serving the legal marijuana trade

Re:Microsoft is the first big company to say it's serving th... by tmm on Thursday June 16, 2016 @01:41PM (#11917653)

Also from stolen goods, unless you return them in the same year:

"If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner."

[ Parent | on HN ]

Re:Microsoft is the first big company to say it's serving th... by userbinator on Thursday June 16, 2016 @10:38PM (#11920362)

"We don't care where your income comes from, we just want our cut of it."

[ Parent | on HN ]

Re:Microsoft is the first big company to say it's serving th... by icebraining on Thursday June 16, 2016 @01:43PM (#11917674)

I wonder if one could deduct it if they return the item in the subsequent year instead :)

[ Parent | on HN ]

Re:Microsoft is the first big company to say it's serving th... by MikeHolman on Thursday June 16, 2016 @08:29PM (#11919968)

You can deduct business expenses for illegal activities, except for specific categories (for example, bribing public officials is not a valid deduction).

So you might actually be able to deduct that, if you could justify returning the property as a business expense.

[ Parent | on HN ]

Re:Microsoft is the first big company to say it's serving th... by swamp40 on Thursday June 16, 2016 @03:12PM (#11918199)

I would have bet money that was a joke. But no.

[ Parent | on HN ]