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.
----- Reply message -----
From: "kcace1024" <cy4873@hotmail.com>
Anybody with common sense would place more value on an independent third party evaluation. You can put anything you want in your log. Many people and companies are well known for keeping 2 sets of books.
