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Laws introduced in 2010 gave large discounts to pubs and clubs' poker machine profits.
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Consequently, a professional gambler does not have to itemize deductions to deduct gaming losses.
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Up Next 1788 to 2017: Sydney's changing skyline.Question from a gambler considering retaining a tax advisor: I would like uk best online casino jobs to find a local CPA where I live who has experience with professional gambling.Advertisement, the figures suggest annual profits which are distinct from the amount wagered have shot up by as much as 415 million over the past four years: 160 million of which comes from these five areas alone.Commissioner) that losses, even as a professional, still cannot exceed gains.Cody, CPA, believes that the Court erred in making this statement as it is illogical to presume that deductible trade or business expenses would be precluded from the NOL provisions when there is nothing in law stating such.How would I go about finding out what accountants have that specialized experience?Lewis, CPA author of How to Keep More of What You Win 1997 chapter 5: "The professional gambler is not required to report losses as an itemized deduction.