Gold or Platinum Membership

Reply #6

MrBobb — Wed, 19 Apr 2006 20:33:50 GMT

Reply #5

Clairvoyance — Tue, 11 Apr 2006 23:19:54 GMT

My Word, if I won the big bucks, I would not worry about deducting my LP membership fee!!! It is a very reasonably small fee any way! I would probably even slip Todd some money so that he did not have to pay out of pocket to keep LP running

Reply #4

Uff Da! — Tue, 11 Apr 2006 23:05:58 GMT

Quote: Originally posted by BuzzsawAnn on April 11, 2006

If one joins the gold or platinum membership can you deduct the cost as expenses when you win big or will the IRS challenge your deduction?

I'm not an accountant, but I strongly suspect that the answer may depend upon whether you are a professional gambler or, like most of us, a hobby player. At least that's how it works with deducting expenses and selling one's crafts.

Reply #3

Developer — Tue, 11 Apr 2006 22:59:29 GMT

No betting is not an expense, its a past time, besides would you really want to bother your self with that if you just won all that money, I would be out looking for Cars, Houses and Holidays

Reply #2

paurths — Tue, 11 Apr 2006 22:45:36 GMT

If i win euromillions next friday i'll be happy to buy everyone here, that has posted since last friday upto upcoming friday, a platinum membership lol

Reply #1

Todd — Tue, 11 Apr 2006 21:27:03 GMT

Now that's an excellent question! Any accountants out there know the answer

Gold or Platinum Membership

BuzzsawAnn — Tue, 11 Apr 2006 21:03:19 GMT

If one joins the gold or platinum membership can you deduct the cost as expenses when you win big or will the IRS challenge your deduction