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-   -   Schedule C? (https://www.homepokergames.com/vbforum/showthread.php?t=21529)

Unregistered 09-29-04 05:20 PM

Schedule C?
 
Does anyone report their winnings on a schedule C and deduct expenses?

Unregistered 11-19-04 04:01 PM

reporting winnings
 
I don't think you can deduct expenses unless you are a professional gambler, ie. that's what you put as your occupation, but I do know you can never report a loss and you can only deduct losses to the extent of winnings with the concept being if you spend $50 to win $20, then you have lost $20 and it's not taxable

Unregistered 10-18-05 05:46 PM

With the new tax laws you can deduct any and all taxs. Try charging yourself $2.00 everytime you take a piss or flush a towlet. Make sure you write yourself a ticket:)

I save everything that has taxs charges to it.


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