Also, I highly recommend reading the following court case which is quite relevant to this discussion.
Schollenberger v. Commissioner
The judge in this case now sits on the Supreme Court.
In a message dated 4/17/2019 10:54:17 AM Central Standard Time, vpFREE@yahoogroups.com writes:
btw, not to minimize your point about the benefit of session reporting, I'll note that my interpretation of the session rules are such that any transaction that results in the redemption of credits for cash constitutes a session break. As such, being issued a w2-g with cash payment will require accounting for a session at that point, reducing the opportunity for offsetting "session" losses later in the day. (I haven't seen this "take" validated elsewhere, but I find it consistent with the logic of session reporting. You're welcome to take it with less than a grain of salt ;)
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Posted by: Walter Hamilton <walterhnri@aol.com>
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