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July 08, 2013

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Brad

Hi Trish,

My guess is your clients heard that gambling losses as an itemized deduction under Ohio tax law was recently repealed.

See: http://taxdood.com/2013/07/11/ohio-tax-man-giveth-then-taketh-from-gamblers

Trish

Thank you Brad!

DerekWigginsCPA

My first thought was this article that was tweeted by the Journal of Accountancy with the headline "Poker player is professional gambler, but can't deduct gambling losses, #Tax Court holds"

http://www.journalofaccountancy.com/News/20138302.htm

But the details of the article show that it was really because there was either no gambling wins to offset in the those years or no substantiation of the losses. Somewhat misleading headline, but with only 140 characters it told enough and interest me into reading the details.

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