[vpFREE] Recent Tax Court Ruling on wins vs losses recognition

 
 
 

Just read an email from CPA Daily that the Tax Court (T.C. Memo 2009-306 ruled in IRS favor re offsets of wins versus losses concerning casual gamblers.  Definitely warrants further review.  One issue mentioned as consideration was that taxpayers elected the standard deduction.
Bob
 
www.ustaxcourt.gov/InOpHistoric/SHOLLENBERGER.TCM.WPD.pdf

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