To: AndyJackson
“What were his unreported losings that would offset this.”
Gambling losses are exempt from taxes - yes?
13 posted on
10/06/2017 11:58:30 AM PDT by
jonno
(Having an opinion is not the same as having the answer...)
To: jonno
You can deduct verifiable losses from your winnings on your taxes. That means you need proof of checks cashed or ATM withdrawals at a casino.
26 posted on
10/06/2017 12:13:35 PM PDT by
Duchess47
("One day I will leave this world and dream myself to Reality" Crazy Horse)
To: jonno
IRS allows offsetting gambling winning with gambling losses.
To: jonno
Gambling losses can be deducted from gambling winnings.
60 posted on
10/06/2017 1:13:40 PM PDT by
RossA
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