Just gonna take my lumps on this one. I've had seven previous years with one HP and I always just had my refund reduced some. I never tried deducting losses in those previous years and to start it now would only raise red flags.
As I have kept zero accounting records for my gambling the last thing I need is an audit.
As I mentioned at the start of this thread I made enough in the last week to cover my tax burden so I think the wisest and safest thing to do is maintain the status quo. Thanks for everyone's input.
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Originally Posted by darrellk
Just gonna take my lumps on this one. I've had seven previous years with one HP and I always just had my refund reduced some. I never tried deducting losses in those previous years and to start it now would only raise red flags.
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