 bylyru4b's profile |
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Username
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bylyru4b
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Status
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active
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Joined
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Nov 07, 2011
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opq315
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jkl790
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efg696
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qrs208
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Biography
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tuv503
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0
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Last comment
Click to see all comments made by bylyru4b
02/27/12 at 18:57As a tax professional with a practice in New Jersey, and my share of regular lottery players and senior citizens who frequent the casinos of Atlantic City as clients, I have seen many examples where a taxpayer with net gambling losses for the year is royally screwed by "Uncle Sam".
While Jimmie was able to deduct $44, (...) ,800.00 in losses to wipe out his $44,800.00 of income, the fact that the winnings were included in his Adjusted Gross Income caused 85% |
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