Thursday, October 29, 2009

RE: [vpFREE] Bob Dancer 10/27/09 Column

> I've never been audited. But I sure wonder if it doesn't look
> suspicious to report, say, $300K as gambling winnings and then later
> itemize $300K as gambling losses. Even if those numbers are accurate
> and substantiated.
>
> Does anyone know if there is a threshold in gambling winnings above
> which suspicions are raised?

Never had a problem with $10 million.

Cogno

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