| To: | Alan Dahl <alandahl@mac.com>, Teamdotnet <autox@autox.team.net> |
|---|---|
| Subject: | Re: Racing income/expenses and TurboTax |
| From: | Dick Rasmussen <rasmussend@mindspring.com> |
| Date: | Tue, 04 Apr 2006 18:37:26 -0400 |
At 04:44 AM 4/4/2006, Alan Dahl wrote: Are my racing expenses subject to the 2% rule as >long as they don't exceed my winnings? Correct as far as I know. Ironically gambling losses are not subject to the 2% as I recall. Maybe you should call the expenses and winnings gambling . . . it is after all. :-) Dick |
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