Is those US states where marijuana is now legal to sell, what tax problem is attached to this?
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Tax Professional Answers
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 395 weeks ago