If I did something that I know is a deductible expense and did not deduct it, is that a sanctioned tax filing?
The result is that I would end up paying MORE tax. This also results in me reporting a higher income, which is truthful because I did earn that much and more, and it is advantageous in a number of ways. On the contrary, with a few large deductions added the reported income (AGI) would be lower and I would be eligible for a tax refund.
I don't expect revenue agencies to have an issue with this, but I'm not asking about my "chances" of having my decision not to deduct an expense being put under scrutiny. I'm asking about how that is viewed maybe in a regulation or a court decision.
I'm not looking for "advice", just credible sources that address this question
Most issues I see are where people claimed dubious deductions to lower their tax.
thanks for any insight