Cogno,
I had not seen that ruling thanks for posting it. I believe any rational person would consider gambling tax laws absurd because they require people to pay taxes when their gambling generates no income even with the session rule. The "session rules" established by court decisions are still often not followed by the IRS. Without the session rule many regular gamblers would easily generate millions in wins and owe millions in taxes which makes "absurd tax laws" a huge understatement. The session rules just allow you to pay less tax on your imaginary gambling income.
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Posted by: cy4873@hotmail.com
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