Just to recap, it sounds like the IRS would have no problem with Jim's reporting. Here's an acid test: Play a session with $100 FSP and $100 of your own cash in the machine. Cash out the session with $150. Gross session winnings of $50 are reportable to the IRS. Bottom line, it's your actual cash flow that should drive your gambling reporting.
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Posted by: harry.porter@verizon.net
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