Vegasvpplayer wrote: "It doesn't seem like that big a deal. Just do what most gamblers do and report your gambling winnings on Form 1040 and report gambling losses as itemized deductions."
As you may find out, that is a big deal for many people, especially those in retiring ages. Reporting W2G and 1099misc on the 1040 inflates your AGI, and that triggers all sorts of bad things. Gambling losses are not deductible from your AGI, they are deducted downstream.
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Posted by: nightoftheiguana2000@yahoo.com
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