Tax tip of the day: Stolen property

Taken from Page 90 of IRS Publication 17 "Your Federal Income Tax for Individuals":

Stolen property

If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner.

So now you know, in case you were wondering. I wonder if that applies to the the stuff that people "borrow"?