Two Plus Two Newer Archives - Tax Question (Staking)

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Nate.

03-17-2007 07:34 AM

Tax Question (Staking)

All --

Suppose A stakes B in a series of tournaments. B experiences a net loss but along the way makes a couple of scores that generate relevant forms. B makes no money on the stake and A experiences a loss. How is B to account for this on his taxes?

--Nate

THAY3R

03-17-2007 02:41 PM

Re: Tax Question (Staking)

Keep good records.

Emperor

03-17-2007 07:12 PM

Re: Tax Question (Staking)

I like mine medium-rare with a side potato and salad.

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