If audits are only about the facts, they won't get them from gambling logs.
Gambling logs do not provide 'facts.' They only provide 'statements.'
On Tue, Oct 18, 2011 at 10:33 PM, rob.singer1111@yahoo.com <
rob.singer1111@yahoo.com> wrote:
> Except when it is you who is being audited. I've been thru multiple audits.
> There's a reason the personal gambling log is the most important document a
> gambler can have. Nothing will or can supersede that log because it is the
> word of the taxpayer.
>
> 3rd party info, such as bank withdrawal & deposit statements relating to
> individual gambling session/trips are good support, but no competent auditor
> could ever rely on a casino win/loss statement when it's impossible to
> determine if the gambler also gambled without a card. You're asking for the
> auditor to assume at that point, and the audits are about only the facts.
> The log provides the needed facts.
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