Are the expenses of being in the trade or business of wagering limited to wagering income?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

Question Posted: Feb 27, 2024 03:04 AM

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Are the expenses of being in the trade or business of wagering limited to wagering income?

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In the context of US tax law the expenses of being in the trade or business of wagering are generall...View the full answer

CCH Federal Taxation Basic Principles 2020

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