Email Contact Us

Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

Please Type Topic Into Search Bar

Is those US states where marijuana is now legal to sell, what tax problem is attached to this?

TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Dr. Daniel Erasmus
All costs associated with the sale/marketing of marijuana will NOT be tax deductible, as selling marijuana remains a federal offense. Anything done that is a federal offense disqualifies taxpayers from deducting expenses. So ALL the income is taxable, but none of the expenses are deductible.
Leave a Comment 472 weeks ago


View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

Contact Us Today