Crossing the line
Can you deduct medical marijuana, prescribed by a doctor, as a medical expense on your tax return? Sounds like a good deduction to me.
But here's a wiseguy whose theory of deductibility went a little too far. He was sick, all right, but the money he spent wasn't to make him well. And sadly, he was a tax lawyer.
| Posted at 12:21 PM | Permalink |
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Comments (5)
A few years back, a friend of mine was considering buying a book store that was otherwise going to have to shut down, and she wanted to look through the books to see if this was plausible or sane. Among the other justifiable expenditures was one that simply read "Expenses", and it averaged to about $2500 per month. She asked about "Expenses", and the soon-to-be-former owner hemmed and hawed about how this was about "you know, expenses." She discovered that this guy had been deducting the cost of his weed from his taxes for the previous five years. She dropped the plan to buy the store, especially since she didn't want the IRS coming by and asking "So...now that you're the new owner..."
Posted by Texas Triffid Ranch | September 15, 2009 1:50 PM
She discovered that this guy had been deducting the cost of his weed from his taxes for the previous five years.
$2500 is a LOT of money to spend on weed every month, unless you're dealing. That sounds more like a cocaine problem.
Posted by none | September 15, 2009 2:00 PM
Sounds like this guy is going to have some real medical issues - ewww! Okay, I just grossed myself out thinking about it! Thanks Jack!
Posted by kirs | September 15, 2009 3:14 PM
Forty years as an attorney and still going strong. You go Bill!
Posted by Let's Be Free | September 15, 2009 3:38 PM
Dang Jack, there went my whole tax planning!
Posted by dman | September 15, 2009 11:13 PM