Keeping a Gambling Log Book
Wednesday March 2, 2005
Tax time is around the corner. If you were one of the Lucky people who won money at the Casino, you may find that you are not so "Lucky" when you fill out your taxes. Uncle Sam loves to share in your joy by claiming a bite of your winnings for himself. That is exactly what happens to many "Winners" each April 15th, who don't keep a gambling diary or logbook.
Comments
Good post, admin.
Good site, admin.
If gamblers especially slots gamblers were given a receipt…that every consumer needs in order to be responsible ie. know what has been spent…then gamblers would no doubt never get asked to pay tax! They could instead claim some haha?? Cost incurred deriving income!!