Thread: Profit/Loss
View Single Post
  #13  
Old 11-12-04, 11:47 AM
eddo31 eddo31 is offline
Shark
 

Join Date: Oct 2004
Location: central MA / Cincinnati
Posts: 751
eddo31 has between 10 and 49 Rep Points
Default

i count every expense incurred when i am gambling towards my win/loss for the session.

at a b&m this includes food, drinks, tips, rake, etc. i just count how much money i have when i go to the casino, and how much i come home with, and then i figure out my profit/loss.

online it is a bit less, but if i was doing it professionally i would definitely count the cable modem, cost of the computer, etc. all of them are essential parts of your business, so i dont see how you could get in trouble for taking unnecessary writeoffs.