JackOfSpeed
11-10-2006, 12:57 AM
If I want to stake someone for an online tourney, can I net the expense (if he loses) against my wins when I file as a professional gambler?
Does the new legislation make such an arrangement a bad idea...in the sense that the IRS, if I was audited, wouldn't accept email correspondence indicating a staking arrangement as legitimate?
(aside: I know staking someone is generally a bad idea on 2p2, but you'll have to trust me that it would make $-sense in this case, if I can net a loss as a loss)
Does the new legislation make such an arrangement a bad idea...in the sense that the IRS, if I was audited, wouldn't accept email correspondence indicating a staking arrangement as legitimate?
(aside: I know staking someone is generally a bad idea on 2p2, but you'll have to trust me that it would make $-sense in this case, if I can net a loss as a loss)