Your new client, Tinky, decided in 2019 that she was going to be a professional gambler. She lives in Dallas, spends Monday-Friday doing grunt work that she hates (but it pays the bills), and started spending most weekends up in Oklahoma at those Native American casinos. She also went to Vegas for long weekends 2-3 times during 2019 (before the pandemic, obviously). Her game? Roulette.

You need to have a serious talk with Tinky about how her gambling activity will be treated for FIT purposes, and specifically on her 2019 tax return, which is due next month. Briefly summarize what your likely advice to Tinky is going to be.

Answer rating: 100% (QA)

Gambling and home office deduction Stepbystep explanation Gambling Gambling is income generated thro... View the full answer