><<I've been told that losses can't be deducted against what
>income is reported on 1099s.>>
>
>That is wrong information as a general "rule." It depends on what the 1099 is from.
I was thinking of tournament winnings, drawing winnings, winning a
car, etc. Doesn't a loss have to be due to a bet that's directly
related to the win to be deductible?
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Posted by: 007 <007@embarqmail.com>
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