Rob,
My experience (based on thankfully only one tax audit so far) was just exactly opposite of your statement. The auditor completely dismissed my contemporaneous gambling log straight away, and was only interested in third party confirmation of my results - specifically the won/loss statements provided by the casinos. I guess it all depends on which auditor you get.
EE
--- In vpFREE@yahoogroups.com, "rob.singer1111@yahoo.com" <rob.singer1111@...> wrote:
>
> Per multiple IRS audits I've been thru as a professional gambler, those beloved casino win/loss statements mean nothing to the audit process.....
.... The only documentation that has value are your bank withdrawal/deposit records, and your personal contemporaneous gambling log. Nothing supersedes or holds more importance to the audit process than a taxpayer's/gambler's own words.
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