Hundreds of pounds of tuna
crazy deductions tuna

After taking a fishing vacation in California each year, an auto repair center manager from Great Neck, N.Y., would drop off the fish he caught at a cannery.

Because the cannery donated its proceeds from fish sales to a religious institution, the man was able to claim the value of the hundreds of pounds of fish he gave away as a charitable deduction, said enrolled agent David Kaiser.

With a going rate of $5 to $6 per pound for the tuna and wahoo he caught, the deduction would often total several thousand dollars, and he claimed it for more than 10 years.


  @blakeellis3 - Last updated April 03 2013 06:19 AM ET
Join the Conversation
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.