I did the session method for the first time on my 2013 Federal & State
(PA) returns. Filed last April and so far so good but realize the win
figure could still be challenged - don't know how current IRS is in
checking returns.
On Mon, Jan 19, 2015 at 2:52 PM, cy4873@hotmail.com [vpFREE] <
vpFREE@yahoogroups.com> wrote:
>
>
>
> I am aware that Ms Craps reported a horror story in her attempt to get the
> IRS to accept session win/loss reporting. Ii looks like this method will
> reduce my state taxes a great deal so I am considering it for the 2014 tax
> year.
>
> I would appreciate hearing if anyone else has recently used this method of
> reporting successfully or not. The tax court case where this method was
> allowed is now several years old, so hopefully the IRS is more willing to
> accept it.
>
> I still work a regular 40 hour a week job so I believe it would be
> hopeless to try to file a schedule C as a professional gambler.
>
> Thanks,
>
> Chris
>
> [Non-text portions of this message have been removed]
>
>
>
[Non-text portions of this message have been removed]
Posted by: Ed Toole <edwardet@gmail.com>
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