Originally Posted by
redietz
Before commenting further, I'm going to open the floor to blackhole, coach belly, and Mr. Mendelson, all of whom have presumably had to zero out large W2Gs. Mr. Mendelson appears to follow the letter of the law, so I'm assuming he does what Jean Scott, Bob Dancer, and the IRS guidelines suggest when it comes to gambling and federal taxes.
I'll give these folks a crack at theorizing why Rob studiously avoids any mention of proof of losses.
Meanwhile, mickeycrimm pointed out another major issue with the myth. Rob, after years of losing, basically took a 60% pay cut or thereabouts to pursue his "professional video poker" career. Right out of the shoot, more or less. After years of losing. Very ballsy. Or insane. Or a myth. You know, my late wife took a 30% pay cut from the military to teach at a university, and 30% ain't no small thing. I honestly do not know anyone else who took that kind of pay cut, except Rob, who evidently took a much larger pay cut "on spec."
While that may be hard to understand, let's get back to the zeroing out of the W2Gs and the IRS protocols for doing that. I'm sure blackhole, coach belly, and Mr. Mendelson understand some of the problems with Rob's stories.