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#1
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Staking someone (online) -- tax question
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) |
#2
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Re: Staking someone (online) -- tax question
*bump* for the daytime crowd
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#3
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Re: Staking someone (online) -- tax question
I am not an expert, but I would say yes.
I do have a degree in accounting and I did stay at a Holiday Inn Express last night. |
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