Quote Originally Posted by moo321 View Post
There are ways they could impute the income. They could pull your win/loss at a casino. They could look at CTRs, SARs or other reports. They could look at your bank records.
I earlier stipulated playing unrated, hence no win/loss statement. I do not, nor do I intend to, generate CTRs or SARs. For bigtime gamblers who often cross the line into reportable earnings, a journal is essential. I green chip and never come close to the dreaded CTR or SARs. Even my black chips friends don't hit it, but they are tempting fate. For any AP who also plays VP or slots, I recommend using a player's card for that alone (not table games) because your losses will be needed to help offset your gains. Unless you feel you will lose over a year's time, why have a journal for table games-- your wins will gobble up all your losses? If you use a bank account to manage your active, operating bankroll, you are not like any gambler that I know. Transportation of cash is about the only use I have for a bank account when it comes to gambling and there are ways to document that without it becoming termed "income." Where am I going wrong?