Say you cash a trifecta at your local track for $3,000
You do all the paper work at the window when you cash
your ticket. Now the IRS is going to receive info that you
won this sum of money. My question is when you do your
taxes and say you lost that much betting horses through
the year. What do you need as proof? Will a cigar box full
of losing tickets be enough or do you have to keep some
kind of log with the tickets.
You do all the paper work at the window when you cash
your ticket. Now the IRS is going to receive info that you
won this sum of money. My question is when you do your
taxes and say you lost that much betting horses through
the year. What do you need as proof? Will a cigar box full
of losing tickets be enough or do you have to keep some
kind of log with the tickets.