View Single Post
  #7  
Old 12-06-2006, 01:30 PM
Lottery Larry Lottery Larry is offline
Senior Member
 
Join Date: Jun 2003
Location: Home Poker in da HOOWWSSS!
Posts: 6,198
Default Re: One More Tax Question

"Filing jointly, the real question is, can she deduct more than she won just because there are other gambling winnings in the family?"

Actually, I think that as a M-FI, your individual misc. income and deductions must come to 0 at the lowest. That's why you file jointly, to combine the family's income/deductions.

But as you said, consult a tax pro and not us 2+2 wannabes.... or ask the IRS- they're the ones who will be judging the results, right?
Reply With Quote