Regarding the statement:
Next day print summary from the Caesars website.
What am I not "getting" here--what summary and where on the site?
Jean H--
Life is ten percent what you make it
and ninety percent how you take it!
From: MIKE LOONEY <M_R_LOONEY@hotmail.com>
To: vpfree@yahoogroups.com
Sent: Saturday, November 5, 2011 10:29 AM
Subject: RE: [vpFREE] How do you prepare for tax time?
Ted,
When I play at a Caesars casino I do the following:
Record amount in my gambling wallet
Record amount at end of session.
Record machine numbers/games
Next day print summary from the Caesars website.
Record activity on the page - put it in a notebook with all my W2G forms.
If you do not have a diary recording your play you could have an audit problem.
Mike
> To: vpFREE@yahoogroups.com
> From: ted.troccola@gmail.com
> Date: Fri, 4 Nov 2011 15:31:05 +0000
> Subject: [vpFREE] How do you prepare for tax time?
>
> I am wondering what everyone does to prepare themselves for a possible IRS audit.
>
> I keep track of all wins and losses (date and amount).
>
> I either bring cash with me or use markers when I go to play. If I'm up, I pay the markers off at the casino. If I lose the entire marker, I'll let them withdraw it from my account after my 2 week grace period.
>
> I have 7 jackpots (WG-2s) for this year.
>
> I have several thousand dollars in losing lottery tickets from this year.
>
> I have accumulated 60,000 Tier Points at Harrah's Atlantic City (95% are from playing VP). As you probably know, they provide a W/L statement at the end of the year.
>
> Am I prepared for an audit?
>
> If not, what am I missing?
>
>
>
>
> ------------------------------------
>
> vpFREE Links: http://members.cox.net/vpfree/Links.htm
>
> Yahoo! Groups Links
>
>
>
.
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