>
> Assume the concern isn't with RF w-2G's, but with those issued on lower level hits (SF's, multiline quads, etc). They don't represent profit, but serve to inflate AGI and can reduce legitimate deductions via phase-outs, etc.
>
> - H.
You nailed it Harry, as always ;-) 2006/7 was my eye-opener. $860K in W2Gs, a net loss of $30K, and a tax bill that got inflated by over $26K because of the AGI impact. Having that huge stack of paperwork, without the actual wins, made me re-think my play.
I has been interesting to hear everyone's perspectives, though!
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