Do You Qualify as a Tax Law–Defined Professional Gambler?
When it comes to taxes, the tax code treats professional gamblers better than recreational gamblers. Unlike recreational gamblers, professionals get to deduct all their gambling expenses (including travel, lodging, and meal expenses) up to their annual winnings, without itemizing. This is a big advantage. If you gamble a lot, you could benefit by qualifying as …
Do You Qualify as a Tax Law–Defined Professional Gambler? Read More »