Betting diary.

southerndutch · #1 05-09-2007, 01:03 PM

For IRS purposes, I save my tickets and staple them to the program, race by race. IRS will accept this, but not tickets randomly collected.

Scav · #2 05-09-2007, 01:31 PM

Quote:

Originally Posted by southerndutch

For IRS purposes, I save my tickets and staple them to the program, race by race. IRS will accept this, but not tickets randomly collected.

They will accept randomly collected, but it is an argument. Your way is argument free, my way (tickets with a rubberband) there is an argument that I always win

2 Dollar Bill · #3 05-09-2007, 03:10 PM

Quote:

Originally Posted by DaHoss9698

Again, you DO NOT need to save your tickets for the IRS. It's not that hard. The IRS doesn't care if you win or lose, they just want to be sure they get what they are supposed to. All you need is a log. Does anyone really think the IRS expects everyone to save all of their losing tickets? Of course not. A simple log, showing a daily, or weekly profits or losses will suffice.

Im a little confused on this thread..... What is a Losing Ticket ?

31lengths · #4 05-09-2007, 07:05 PM

Quote:

Originally Posted by 2 Dollar Bill

Im a little confused on this thread..... What is a Losing Ticket ?

man have I got plenty of those.

31lengths · #5 05-13-2007, 08:43 AM

Quote:

Originally Posted by 31lengths

man have I got plenty of those.

Does anyone keeps seperate tabs of your pick 3,4,6 from your traditional W,P,S,Tri, Ex, ect bets.

I hope this made sense.