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?

Explanation:

Despite the fact that marijuana business is illegal, Kerry and Jim need to report the income from it.

Income from any illegal activities is considered as taxable income. There is no execption in computation of gross income

i think you have to let the moderators that you want your old account to be activated.

answerjointly by the fed and by the behavior of individuals who hold money and of banks in which money is held;