Originally Posted by
brooklynmatt
I disagree. If I go to a casino and 'win' $1000 over the trip, but have tipped $1500 then I have infact incurred a loss for the trip. That I should pay tax on the profit is wrong in principle. I'm sure they would ask for it but I would want to take a stand on this.
Tax law + gaming is not just something you make up.
The IRS is very strict, and requires an immense amount of documentation and back-up data.
I do not think you would get away with this on any level.
It's hard enough to even deal with the everyday (gaming) tax issues. In addition, how are you going to "prove" what you tipped? I can only think of perhaps, a "tip-journal," but that's going to be very interesting if you ever get audited.
A good place to start, if you are a professional player and/or recreational player that has many W2-Gs and has to offset losses etc.