Originally Posted by MisterV View Post
The IRS sets the bar too high ... They want the number of the slot machine you play on, plus the total amount bet, with itemized totals of wins and losses.
This is precisely my concern. Maybe you get an auditor whose daddy gambled away their college fund, so they hold your feet to the fire. It could be tricky finding a tax attorney who is both local and also proficient in gaming activity tax law. I see a lot that could go wrong here so I'll continue to eat the tax liability for now. I think we can all agree that this situation is not at all fair to recreational gamblers and would almost seem to invite APs to cook their books.