Thank you for the thorough reply, horrifying as it was ;-)
I've had no aspirations to file as a professional gambler, considering that I do have significant other income (thank goodness), as well as a dismal record of losses for the last few years.
Sounds like my best option is to become a low roller! Would be better for my bank account anyway!
> > significant other work income as you will likely lose in the event of
> an
> > audit which is far more likely than normal in this situation..
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> I don't live in IN, but I do live in an adjacent state and most of my
> gambling income comes from IN.
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> SB
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