rbynaker
Level 14
02-01-2021
03:56 PM
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Could be, but there's not as much to hang your hat on. The IRS planned to issue a revenue procedure with a safe harbor that specifically applies to slot play so that's a pretty good indication that they acquiesce to the court rulings with regard to slot play. To me it's less clear that they would treat other gambling the same way but there's probably enough evidence to meet the reasonable basis standard.