They missed the entire point of the ruling. Pros could always deduct
expenses. This just allows them to use expenses to create a net operating
loss for a losing year.
Cogno
-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpFREE@yahoogroups.com] On Behalf Of
vpFREE Administrator
Sent: Monday, March 14, 2011 10:10 PM
To: vpFREE@Yahoogroups.com
Subject: [vpFREE] LVRJ: Professional gamblers gain with tax ruling
LVRJ: Professional gamblers gain with tax ruling
http://www.lvrj.com/business/professional-gamblers-gain-with-tax-ruling-1179
71244.html
or
http://tinyurl.com/4hk9evd
<a href="http://tinyurl.com/4hk9evd">
http://tinyurl.com/4hk9evd</a>
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