Originally Posted by Alan Mendelson View Post
Rob, are you sure about this:



I think if you had a business running from let's say January 1 through April 30, you'd still file a Schedule C for that business. If you didn't file a Schedule C for those four months that you had your business it meant that you didn't deduct your business expenses such as travel, gas, hotel, tips, meals, phone calls, etc.

Next point:



This is true about what the tax laws say. You are supposed to report all wins and then offset the wins with losses on Schedule A. However, what we need to know is if Arc kept daily logs and it's possible that his daily logs netted out to zero or a loss except for what appears to be a W2G amount.

So, if I have "wins" during a day where they total $800 but then lose $800 I am not going to write in my daily log a win of $800 and then a loss of $800. I am simply going to write "even" and use that for my taxes for the year. And this is why we have to know what system Arc used.

Now, if a player goes home each day with small wins of $319 (arbitrary figure) and doesn't include that in his taxes because it is not represented by a W2G that taxpayer would be violating the IRS rules.

Each year I report more than my W2G totals -- and that additional amount represents the DAYS when I went home with a profit even though it was not an amount reflected by a W2G.
Again: I filed only an A for 2009, and I did not deduct business expenses for that year. Why are you confused about this?

All that stuff you theorized about what arci may have done is clearly contradicted by his posts I showed you, so he did not do them.