Comments on: Taxes on your gambling winnings https://www.livedealer.org/taxes-on-your-gambling-winnings/ Sun, 09 Nov 2025 22:36:04 +0000 hourly 1 https://wordpress.org/?v=4.9.26 By: ABA Accountant https://www.livedealer.org/taxes-on-your-gambling-winnings/#comment-182 Fri, 14 Oct 2011 21:07:46 +0000 http://www.livedealer.org/blog/?p=2630#comment-182 Great info. I recently wrote a post about the importance of recording your gambling winnings. Could be helpful for your readers? Check it out here: http://blog.avoidbeingaudited.com/2011/03/16/gambling-winnings-how-to-record-them-correctly/

]]> By: LD https://www.livedealer.org/taxes-on-your-gambling-winnings/#comment-181 Wed, 16 Mar 2011 01:56:11 +0000 http://www.livedealer.org/blog/?p=2630#comment-181 Good news just out for US pro gamblers…A recent U.S. Tax Court ruling now allows travel and other expenses related to gambling activity to be written off as expenses against income.

Professor Steve Johnson, Las Vegas Boyd School of Law:

“On the whole, gamblers are probably celebrating. What the decision says is that gambling is a business trade that is not any different than any other profession. A professional gambler can deduct business expenses.”

Might post more details on this!

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