Tax Question

[Scav]

Originally Posted by SniperSB23

Really? I was under the impression I couldn't write off losses from gambling from winning a free contest. Of course last year wound up being the year I was actually up on the year so I can't claim losses anyways. Naturally I'll wind up with big losses this year and won't win any contests to write them off against.

I kept my tax textbook for this very reason, tax law is really hairy.

I'll re-look at it in a couple minutes, but it is gambling winnings versus gambling losses. How you win shouldn't matter. Give me a couple minutes