--- In vpFREE@yahoogroups.com, Cogno Scienti <cognoscienti@...> wrote:
>
> 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
>
Your right, and if a pro gambler self inc they already could create a loss.
Will it allow pros (people who eat off their winnings and have no other job) to carry forward or back losses to another tax year as any other bizness now banned by statue ?
THAT would be sweet!
M J
> -----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@...
> 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>
>
>
> *************************************************
> This link is posted for informational purposes and doesn't constitute an
> endorsement or approval of the linked article's content by vpFREE. Any
> discussion of the article must be done in accordance with vpFREE's rules and
> policies.
> *************************************************
>
>
>
> ------------------------------------
>
> vpFREE Links: http://members.cox.net/vpfree/Links.htm
>
> Yahoo! Groups Links
>
