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
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Posted by: cy4873@hotmail.com
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