How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask jgordosea Your Own Question
jgordosea
jgordosea, Enrolled Agent
Category: Tax
Satisfied Customers: 3161
Experience:  I've prepared all types of taxes since 1987.
3653323
Type Your Tax Question Here...
jgordosea is online now
A new question is answered every 9 seconds

if Dr. Green gambling activities do not qualify as a tradee

Customer Question

if Dr. Green gambling activities do not qualify as a tradee or business, can he deduct his gambling related travel and lodging expenses against his gambling winnings?
Submitted: 8 years ago.
Category: Tax
Expert:  jgordosea replied 8 years ago.

Greetings,

 

If the activity is not a trade or business the expenses are not allowed. Family and personal living expenses are not deductible.

 

See Tax Topics - Topic 419 Gambling Income and Losses for information on reporting gambling winnings and deducting losses for a taxpayer that isnot in the trade or business of gambling.

 

Best wishes.