Casino Talks

Posted by: dakota-xx at August 31, 2007, 11:59 pm

Topic: New Tax Law Forum: Card Chat

Quote: Originally Posted by bubbasbestbabe

All your poker losses are deductable. So if you play online with all of its rigged sites there should be no problem getting your money back.

They are only deductible as far as offsetting wins. For example if you have won $1000 you can deduct up to $1000 in losses. However if you have won nothing you can deduct nothing.