It's not yet obvious how it would affect professional gamblers. Pros usually opt to file a Sch C ("Profit or Loss from Business"), and losses can be taken on Sch C as a business expense or under "returns and allowances", bypassing the 'deduction' issue.
--Dunbar
---In vpFREE@yahoogroups.com, <poisonivey888@...> wrote :
---In vpFREE@yahoogroups.com, <poisonivey888@...> wrote :
You realize this will effect all professional gamblers right ?
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Posted by: h_dunbar@hotmail.com
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