wax42
04-13-2007, 07:17 PM
I'm not filing as a pro.
1) In the "Other Income" section of form 1040, do I list each winning gambling session individually, or add together all my winning gambling sessions and just have that one entry?
2) Same question but regarding the deduction of losing gambling sessions on Schedule A. List each individual losing session or add all losing sessions together and just put that sum as one entry?
3) If I receive a bonus while playing poker or earn rakeback, can I count that as part of the session's result? For example, say during a session I lose $110, but receive a $100 bonus and make $30 in rakeback. Can I count this as 1 session where I won $20?
1) In the "Other Income" section of form 1040, do I list each winning gambling session individually, or add together all my winning gambling sessions and just have that one entry?
2) Same question but regarding the deduction of losing gambling sessions on Schedule A. List each individual losing session or add all losing sessions together and just put that sum as one entry?
3) If I receive a bonus while playing poker or earn rakeback, can I count that as part of the session's result? For example, say during a session I lose $110, but receive a $100 bonus and make $30 in rakeback. Can I count this as 1 session where I won $20?