09/28/2020
Even a lucky penny is technically taxable...
Maybe of particular interest if you’ve ever spent a hot day, as I have many, many, years ago, digging through the tilled soil at the state park in Murfreesboro, Arkansas.
A man who found a 9 carat diamond in Arkansas gets to keep it, and hasn't even had it appraised. But the IRS says such finds have to be reported as income on your tax return based on the dollar value of the found item. Just about everything is taxed, after all.