These proposed regulations are very confusing to my brain, and I am not sure exactly what they mean. I think we need a lawyer to interpret exactly what is being proposed. I am not sure that they are not still treating a w2g win as something different from aggregated wins and losses (as though a w2 win doesnt count against overall losses). And does the proposed change involving electronically recorded play mean that they will want people to use giant total win/loss figures in tax returns, really increasing the adjusted gross totals? I am not sure any of this is going to simplify things for gamblers.
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Posted by: Misscraps <misscraps@aol.com>
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