![]() ![]() he claims 30k with his tax consult and proves his loss of 50k. ![]() has 30k in winnings and 50k in losses making his net profit -20k. add that to his annual salary and he pays taxes on the 80k. has 50k in winnings and 30k in losses making his net profit 20k. Ive been told to keep a ledger at minimum and it can be used as evidence to help your case.Įx: Hero makes 60k a year from his job. if you get audited they will review the casino logs and whatever banking statements they have access to and see if your statements match up. you can claim losses up to your yearly winnings. any winnings greater than losses is added to your yearly income and affects your tax bracket as such. You report all of your winnings and all of your losses. ***take all this under the impression that it's lies and talk to a professional tax consultant about it***įrom reading pamphlets, minuscule amounts of research, and chatting with casino staff at the cages this is what i'm under the impression of. ![]()
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