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?
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MARKETPLACE
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