[vpFREE] Re: Trumps New Tax Deductions

It's not yet obvious how it would affect professional gamblers.    Pros usually opt to file a Sch C ("Profit or Loss from  Business"), and losses can be taken on Sch C as a business expense or under "returns and allowances", bypassing the 'deduction' issue.

--Dunbar

---In vpFREE@yahoogroups.com, <poisonivey888@...> wrote :

You realize this will effect all professional gamblers right ?

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Posted by: h_dunbar@hotmail.com

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