Originally Posted by
scoow
I was misremembering. I reversed the rule change from a few years ago. Professionals can now deduct "business expenses" above & beyond the amount of winnings. But recreational gamblers are still limited to deducting losses up to the amount of winnings. I was thinking the new rule was that anyone could deduct losses &/or expenses up to winnings, but that is apparently not the case. So file as a professional & risk the audit or pay the taxes
I was almost 100% certain that was the case. The (tax) laws are stacked against the recreational player. Filing professional, is a really big deal, from the few I know who (legitimately) do it.
My reference to Dov not withholding, was that he could deduct his prior gaming losses from his winnings this trip.
Originally Posted by
GRALISTAIR
+1 from the UK ^
Arrived in AMS. DL32 was half full (perhaps even less) in BusinessElite (I had two seats), and totally full in the back. Quite a few NonRevs flying in the cabin to join their spouses (who were working this flight) in AMS. Wonderful service, cabin crew and flight.
It's very nice, to be home!