[NTHockey]

Makes perfect sense. You can’t pay the $50k medical bill; but somehow, you have the ~$10k for taxes.

[blackdog]

It's still income. Try short selling a house! The difference in the sale price from the write off amount is income. So too are employer provided vehicles if you drive it to and from work. That is income.

The biggest offenders of these rules apply to government employees. Those animals are more equal than the rest of us.