The Gambling Tax Institute

IRS Form 1040

Reece B. Morrel, Jr., JD MBA CPA — Thu, 31 Jan 2008 18:00:05 +0000

Placeholder text for IRS Form 1040 post

Reece B. Morrel, Jr., JD MBA CPA — Wed, 30 Jan 2008 18:00:01 +0000

Placeholder text for IRS Schedule A (Form 1040)

Reece B. Morrel, Jr., JD MBA CPA — Tue, 29 Jan 2008 18:00:40 +0000

Placeholder text for IRS Schedule C (Form 1040)

Reece B. Morrel, Jr., JD MBA CPA — Mon, 28 Jan 2008 18:00:33 +0000

Placeholder text for IRS Form W-2G post

Reece B. Morrel, Jr., JD MBA CPA — Sun, 27 Jan 2008 18:00:55 +0000

Placeholder text for IRS Form W-9 post

Reece B. Morrel, Jr., JD MBA CPA — Sat, 26 Jan 2008 18:00:38 +0000

Placeholder text for IRS Form 1099-MISC

Reece B. Morrel, Jr., JD MBA CPA — Fri, 25 Jan 2008 18:00:20 +0000

Placeholder text for IRS Form 5754 post

US Congress — Mon, 16 Aug 1954 17:00:19 +0000

Losses from wagering transactions shall be allowed only to the extent of the gains from such transactions.

The language regarding wagering losses has remained unchanged for nearly eight decades.

Originally, it was codified as Section 23(g) of the Internal Revenue Code of 1934.

It was then renumbered as Section 23(h) in the Internal Revenue Code of 1939.

Finally, it became Section 165(d) in the Internal Revenue Code of 1954.

US Congress — Tue, 04 Jul 1939 17:00:35 +0000

Losses from wagering transactions shall be allowed only to the extent of the gains from such transactions.

The language regarding wagering losses has remained unchanged for nearly eight decades.

Originally, it was codified as Section 23(g) of the Internal Revenue Code of 1934.

It was then renumbered as Section 23(h) in the Internal Revenue Code of 1939.

Finally, it became Section 165(d) in the Internal Revenue Code of 1954.

US Congress — Wed, 04 Jul 1934 17:00:01 +0000

Losses from wagering transactions shall be allowed only to the extent of the gains from such transactions.

The language regarding wagering losses has remained unchanged for nearly eight decades.

Originally, it was codified as Section 23(g) of the Internal Revenue Code of 1934.

It was then renumbered as Section 23(h) in the Internal Revenue Code of 1939.

Finally, it became Section 165(d) in the Internal Revenue Code of 1954.