Gambling loses

I’m not sure exactly what the casino is providing, but the couple of slot machine addict clients I have bring in statements from the casino showing cash in and cash out.  I do rely on those for their tax returns.

You can use the statement from casino as a secondary record of proof, but IRS also requires you to have a detailed       contemporaneous log as your primary source of proof. In 2026 you can only claim 90% of losses. Remember  the proof only matters if you are audited, so you may get away with whatever proof you relay on a couple of years, but is it worth it if you get audited, and they look at past several years. 

Note to self:  ignore posts with more than 5 replies.  After that we are back to playing hide and seek to find where the replies are hiding.   I bought some ruby red slippers on ebay and I have been clicking my heels three times repeating “there is no place like home”.  Unfortunately I don’t wake up back home.  Instead I wake up here worried about flying monkeys and whatever else we are going to encounter here.