How to Substantiate Gambling Tax Losses

Published Categorized as Articles, Houston, Tax

There are several types of tax disputes that are frequently litigated. Gambling losses are an example. Taxpayers who gamble often incur significant losses. If the taxpayer is found to be a professional gambler, these losses can be counted for income tax purposes and used to offset the taxpayer’s other income. These tax losses can reduce… Continue reading How to Substantiate Gambling Tax Losses

The post How to Substantiate Gambling Tax Losses appeared first on Mitchell Tax Law.

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