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Old 12-16-2002, 10:54 AM
Bricker Bricker is offline
And Full Contact Origami
Join Date: Dec 1999
Location: Northern Virginia
Posts: 55,324
Although this is not intended as specific tax advice, I'd also note that gambling losses are deductible - to the extent of gambling winnings. That is, if you won $1200 one night, but lost $300 last month, and $700 in August, you could claim both your income and losses - in that case, a net income of $200. However, if you also lost $500 in Vegas in January, you couldn't claim the complete $1500 loss for the year, since you only had $1200 in income.

- Rick