Tuesday, February 9, 2010

[vpFREE] Re: 1099's

It depends...best to get in contact with a CPA or EA who has experience filing gaming related tax returns.

Don the Dentist


--- In vpFREE@yahoogroups.com, Dean Nishijima <midorinish@...> wrote:
>
> Hi everyone,
>
> For the first time we've had the good fortune to win a slot tournament
> for which a 1099 form was issued. We've heard conflicting reports as
> to whether you can deduct your gambling losses against this win. Any
> help on this matter would be appreciated.
>
> Thanks.
>


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