gambling tax
The IRS's New Vegas Surprise: How You Could Owe Taxes on Gambling Losses
Imagine this: you're on a dream trip to Vegas. You hit a lucky streak at the roulette table, winning a cool $1,000! The adrenaline is pumping. But, as luck would have it, you end up losing that grand back before you leave. You walk away with the same money you started with—no harm, no foul, right...