<<Anybody with common sense would place more value on an independent third party evaluation. >>
But not if the 3rd party isn't able to provide COMPLETE information, which the win/loss statements are not.
<<You can put anything you want in your log. Many people and companies are well known for keeping 2 sets of books.>>
This is much harder to do than people think it is.
Win/loss statements can be supplemental information but a log is crucial in cases especially where there is a large amount of play involved.
Note: NEVER NEVER send a win/loss statement with your original return. It can actually open up a can of worms that probably would have remained closed!!!! And avoid giving it to STATE auditors. There have been cases where a state used inaccurate and/or too- detailed ones to "prove" a higher "gambling income" than even your W-2G total.
________________
Jean $¢ott, Frugal Gambler
http://queenofcomps.com/
You can read my blog at
http://jscott.lvablog.com/
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