--- In vpFREE@yahoogroups.
> >
http://www.kiplinge
> > "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?
You're supposed to report "session" results, but a "session" is not
completely defined.
> Do I need to keep independent records of my total coin-in, coin-out,
and
> jackpots, since "casino statements are not tax records"?
You're supposed to keep a gambling diary.
> This would be ridiculous.
Well, I'm not sure how well that statement would hold up in an audit.
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