Quote:
Originally Posted by bossku69
I think it should be you prove, through your players card or receipts (which they don't obviously provide), that you invested $520 to make that $600, so your tax rate should be 30%+ on the $80 profit, not $600 net.
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Thats what a tax return is for, and why you are allowed to deduct gambling losses up to the amount of your winnings.