Tax Question (Staking)

[Nate.]

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]

Keep good records.

[Emperor]

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