That’s still surprising to me: many professionals do substantial pro bono work, and I’ve never seen that taxed. (There are lots of online questions where people ask whether you can deduct the lost income on your taxes, to which the answer is a very clear no, but if you had an obligation to report the waived income as income I would expect that to be mentioned there.)
That’s still surprising to me: many professionals do substantial pro bono work, and I’ve never seen that taxed. (There are lots of online questions where people ask whether you can deduct the lost income on your taxes, to which the answer is a very clear no, but if you had an obligation to report the waived income as income I would expect that to be mentioned there.)