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A Pool and His Money are Soon Parted

A Pool and His Money are Soon Parted

by Adam on April 11, 2016 at 12:16 am
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Discussion (6) ¬

  1. Rena
    Rena
    April 11, 2016, 12:20 am | # | Reply

    And if you just put it under gambling wins, the taxes are outrageous.

  2. Kai
    Kai
    April 11, 2016, 12:59 am | # | Reply

    It seems that somebody just discovered the downsides of his hobby?

  3. l
    l
    April 11, 2016, 6:44 am | # | Reply

    You’d actually ask them for a 1099-misc. Or maybe not.
    And yeah there’s a line item for gambling. Some other form for that.

    • Korbl
      Korbl
      April 11, 2016, 2:55 pm | # | Reply

      Technically cue chalk would be a business expense, wouldn’t it?

  4. Mark Jackson
    Mark Jackson
    April 11, 2016, 7:12 am | # | Reply

    Your victim’s losses are deductible, but only to the extent they offset what you let them win to set up raising the stakes.

  5. AlixeTiir
    AlixeTiir
    April 12, 2016, 12:05 pm | # | Reply

    List it as “self-employment”

    call yourself a “games consultant”

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