TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


NOL v Gambling

July 12, 2012

Today TaxMama® hears from Dennis in the TaxQuips Forum, who wonders… “Can you use a business net operating loss carryforward to offset personal gambling winnings? The business generating the NOL is a Schedule C. On the surface, it doesn’t seem righ