[vpFREE] Re: Free Play and Won Loss Statements

--- In vpFREE@yahoogroups.com, "hamstockman" <AB6PQ@...> wrote:
>
> I had another successful year playing VP in 2007. This is the time
of
> the year to accumulate tax information, so I asked for a won/loss
> statement from a casino that I had been on the negative side. I
was
> quite surprised to find it was about $1500 more than my
calculations.
> I realized that this difference was the amount of free play that I
had
> from this casino. So, this free play comes to me in a tax free
manner
> (unlike other money in my pocket) and in addition if I lose this
money
> (I did), I get to take it as a tax deduction as a gambling loss on
my
> schedule A.
>

Interesting...Can you tell us which casino it is?

I'll have to check mine very closely.

Don the Dentist

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