Are steroids tax deductible if you are a professional bodybuilder?

[Gargamel]

Say if you win the Olympia, receive a 400k paycheck. If you took 100k steroids to win the title can you then lower your tax base to 300k?

[joswift]

only if you wanted to go to prison

[wes]

only if you wanted to go to prison

[falco]

If one identifies as a bodybuilder, hormone therapy and protein should be free, as well as gym fee's.

[wes]

Say if you win the Olympia, receive a 400k paycheck. If you took 100k steroids to win the title can you then lower your tax base to 300k?

You can lower your tax base only if they were bio-identical !!    LOL 

[Thin Lizzy]

In theory, if you file Self-Employed with athlete as your occupation, they are a legitimate expense.

[Gargamel]

Maybe you can label them as "proteins" in your tax filing.

[Rambone]

Only if it’s doctor prescribed, and your out of pocket health expense total is over 7.5% your AGI

[Gym Rat]

Only if they have anemia... Then Rx covers their Drol...

[wes]

Only if they have anemia... Then Rx covers their Drol...

Well come on GR,that`s a given.......we all know that.

[oldtimer1]

As this country races toward progressive liberalism I would expect having steroids will no longer be a felony in the near future. Right next to the legal pot store will be the legal steroid store. Muscular guys will line up to buy their syringes, vials and pills.

[Thin Lizzy]

Only if it’s doctor prescribed, and your out of pocket health expense total is over 7.5% your AGI

That’s for medical expenses. A pro bodybuilder needs steroids for his occupation. Of course, there’s the pesky legality issue.

[loco]

Say if you win the Olympia, receive a 400k paycheck. If you took 100k steroids to win the title can you then lower your tax base to 300k?

If the steroids are doctor prescribed and you participate in an FSA with an employer from your real job, you can contribute up to $3,200 through payroll deductions during the 2024 plan year, thus reducing your taxable income.  You can then spend that $3,200 on a couple of steroid doses as an FSA eligible expense.

[oldtimer1]

If the steroids are doctor prescribed and you participate in an FSA with an employer from your real job, you can contribute up to $3,200 through payroll deductions during the 2024 plan year, thus reducing your taxable income.

What doctor would prescribe steroids in the quantities needed for professional bodybuilding? You must have been Al Capone's tax accountant.

[loco]

What doctor would prescribe steroids in the quantities needed for professional bodybuilding? You must have been Al Capone's tax accountant.

It doesn't matter.  Only up to $3,200 worth per year would be FSA eligible.  Not much, but it's something.   

[oldtimer1]

It doesn't matter.  Only up to $3,200 worth per year would be FSA eligible.  Not much, but it's something.   

We both must be loco to respond to this nutty thread.

[Spike]

most of the tool bros who can’t ask real men for advice

they goto a family physician for prescribed test

most of the over 35 regular gyms bros do this and WILL NEVER TELL ANYONE - almost like their gay porn habits but most regularly active gyms bros are on some form of TRT but since it’s dr prescribed “it’s needed medically and no one needs to know”


i’d imagine these dudes have insurance pay and prob write that off - oh also i’ve noticed A LOT of men on some form of disability use they hell out of PEDs as well - im sure they write off shit with all the handouts

[Thin Lizzy]

The system is set up, so you can’t write off medical expenses unless it’s a huge deal and it’s uninsured.

[loco]

We both must be loco to respond to this nutty thread.

We are indeed...lol   

[LurkerNoMore]

If you have a receipt for them.  Good luck with that other than TRT.

But.....   food, travel expenses, clothing, fart powder / vitamins, gym memberships, massage/tissue work, haircuts, tanning costs, etc.. all are.   And if you have a home gym and work out at home every blue moon, you can claim it is "full time" and recup 1/3 of your home expenses (rent, mortgage, utilities, etc.) just like a business owner that works remote as well.  You can explain having a gym membership as making appearances and "networking".  My gf accountant's handles quite a few "influencers" that do this and if they are making content or working from home, it's legit.

[Grape Ape]

Garglesmen currently in the lead for dumb thread of the year

[Rambone]

That’s for medical expenses. A pro bodybuilder needs steroids for his occupation. Of course, there’s the pesky legality issue.

That’s like saying a beauty queen can write off her makeup as an expense. Bodybuilding isn’t a career. It’s a hobby. A gay hobby. And I’m all-in. (Nh)

[Sissysquats]

Everything is deductible…until you get audited.

[Thin Lizzy]

That’s like saying a beauty queen can write off her makeup as an expense. Bodybuilding isn’t a career. It’s a hobby. A gay hobby. And I’m all-in. (Nh)

Of course, we’re talking about rare exceptions but they do exist. I’m guessing Heath, Jay, Ronnie et al had some large income years. Writing off gear would’ve lowered their tax bill.

[AbrahamG]

Say if you win the Olympia, receive a 400k paycheck. If you took 100k steroids to win the title can you then lower your tax base to 300k?

Yes. 100% you can.