Jai-Alai Question of the Week

Start of Thread

#204 - Do you keep formal bet history records?

Posted on July 9, 2007 at 03:29:37 PM by Tiger

You'd better, if you have or expect to win a signer. If not for that, at least to monitor your performance and protect against selective memory?

Note that, regardless of your tax status, gambling winnings are reportable as income, though most look the other way. If you itemize deductions, gambling losses are deductible, but only to the extent of winnings.


Home Page