4 ms·
I dunno, it’s hard to describe. Imagine $10,000 on $47 and realizing that half that money never existed. I don’t mind paying the taxes on it, but claiming gambl
by dgfitz 2y ago
I dunno, it’s hard to describe. Imagine $10,000 on $47 and realizing that half that money never existed. I don’t mind paying the taxes on it, but claiming gambling winnings basically defeats any sensible financial tax strategy.
I think I’m the only person I know who claims them. I’m about to give it up because I never needed the money, it’s just fun to beat the house. The taxes really do suck.
- lotsofpulp 2y agoYou’re right, this website educated me on some of the inconsistencies/drawbacks compared to other income: https://www.lhd.com/the-edge/if-you-are-a-recreational-gambler-here-are-some-tax-issues-you-need-to-know/ https://www.lhd.com/the-edge/if-you-are-a-recreational-gambl...