BOY THIS COULD GET PRETTY DEEP HERE!!!! PROFITS VERSUS LOSSES. NO WAY. EX: I WIN A 600 SUPER FECTA IN HORSE RACING AND I HAVE TO CLAIM IT AS A WIN. I WIN $1200 ON THE CRAP TABLE AND NOBODY GIVES A *(**(...i WIN $1000 ON 3 DIFFERENT RACING TICKETS AND NO TAXES...BUT IF IT WAS ONE TICKET THEN I HAVE TO CLAIM. IT'S MORE OF A PAIN FOR THE IRS AND ME TO HAVE SUCH MINOR CLAIMS WHEN EVERYONE HAS A COPY OF SOME KIND OF EVEN LOSSES, IN WHICH I DID. THERE IS NO SUCH THING AS PROFITS IN GAMBLING, OR THE STUPIDITY OF THE IRS. IF I DO GARAGE SALE AND SELL FOR THE SAME PRICE AS E-BAY, DO I CLAIM THAT. NO!!!

HERE'S A BETTER ONE. MY CPA IS DOING MY PARTNERS TAXES SHE WON $1200 ON THE SLOTS. SINCE SHE DOES NOT ITEMISE SHE HAS TO PAY. BOY DID THAT SURPRISE ME!!!!!! I ITEMSIZE SO I CAN WRITE MINE OFF. NEXT TIME SHE WINS IT GOES TO MY SS# AND I WILL WRITE IT OFF!!!

YOU GO FIGURE OUT THE IRS AND THE FOLKS IN THAT BIG WHITE HOUSE!!!!!!!!!!!!!