Summary
A taxpayer who read a few books on gambling and had reasons for gambling on certain days or at certain hours qualified as a professional gambler and could deduct her losses against her gambling income, the U.S. Tax Court has ruled.
A retired couple sought to deduct the wife's losses playing slot machines at a local casino.See the full content of this document
Extract
U.S. Tax Court Rules Gambling Pro Can Deduct Losses
The wife testified that she had "on the job" traini...
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