|Posted: April 11, 2007, 4:50 pm - IP Logged|
The lady that does my taxed says you are allowed to claim as losses as much as you won.
One year at sams in tunica my profit /loss staement showed I had won 125,000.00 now this was a mistake on thier part, no wat did I win that much, so we claimed 125,000.00 in losses.
This is what we do every year, now you cannot claim as losses more than you won, you can only break even which is fine with me. This might change if you are registered as a professional gambler.