Kerry and Jim have a successful marijuana farm in the woods around Humboldt County, California. Growing marijuana

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Kerry and Jim have a successful marijuana farm in the woods around Humboldt County, California. Growing marijuana is illegal for federal purposes. Are Kerry and Jim required by law to report the income from their farm on their tax return? Why?

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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Sep 11, 2016 11:39 AM

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Kerry and Jim have a successful marijuana farm in the woods around Humboldt County, California. Growing marijuana

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Income Tax Fundamentals 2019

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