Re: [vpFREE] Re: Alternative Minimum Tax


> http://www.kiplinger.com/businessresource/forecast/archive/Congress_Will_Push_IRS_to_Get_Tougher_with_Scofflaws_070604.html
> "Gamblers who may underreport their winnings or who subtract losses
> from winnings instead of reporting them as miscellaneous itemized
> deductions, as the law requires."
The law requires me to report every credit I get back when I get "jacks
or better" and then take an equal deduction, rather than call the thing
a non-event?

Do I need to keep independent records of my total coin-in, coin-out, and
jackpots, since "casino statements are not tax records"?

This would be ridiculous.

Dave

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