Howard W. Stern wrote:
>The first method. ($150,000 other income - $145,000 loss shown on itemizing.) The $5,000 win is usually part of the W2Gs. This group has some people with lots bigger figures. The higher these numbers the greater likelihood of an audit.
Declaring less in your income than the total of your w-2gs is likely
to be asked about, but it won't usually trigger an audit as long as
the simple explanation that you netted them with losses can be shown.
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Posted by: 007 <007@embarqmail.com>
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