[vpFREE] Re: Can't deduct winnings against losses, IS it true??

 

Hi Walter,


Sounds exactly like what my accountant said.  He handled it same way.  "Just pay it, it's easier." , accountant said .  In my case, last year was an unusually small amount of W2Gs.  Played a lot of Joker wild in AC with natural Royal the jack pot.  I hit a lot of Wild Royals for $500. Unfortunately no Natural ones. May have saved me $$ on taxes.  Also last year in Vegas played lot of quarter and $1 Deuces.  about 3 @ $1 Deuces for $1000.  Played 50 cents too.  Did OK 2018 not many signers.

 Played a lot of quarter in Vegas 2019.  Played lots of Deuces.  Went to M to look see.  Never been there before.  Caught a $1 Natural Royal causing a signer.  Really liked the place for 4 hours I was there.  We were in town for 10 days.  Came out about even whole trip, including all expenses.   I like u're idea of 100 play @ .05.  If you'r trying to avoid W2Gs  though, you may get upset if you catch a dealt Royal??

Don't understand new Standard deduction fully yet.  I will ask my tax guy when I see him on out of tax deadline season.  It makes sense to explore standard deduction in advance of 2020 tax file time.

Thanks for the info......Cheers   Jeep



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Posted by: whitejeeps@yahoo.com
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