Professional Gamblers stay away from Wisconsin - losses can't be deducted

Wis. court: Gambling losses can't be deducted from state taxes

<TABLE cellSpacing=0 cellPadding=0 width=150 align=right border=0><TBODY><TR><TD width=10 bgColor=#ffffff rowSpan=3> </TD><TD align=middle bgColor=#666666 colSpan=3>[FONT=verdana,sans-serif]Advertisement[/FONT]</TD></TR><TR><TD width=10 bgColor=#666666> </TD><TD width=120 bgColor=#666666><SCRIPT language=JavaScript src="http://ad.doubleclick.net/adj/trb.chicagotribune/news/local/wisconsin;ptype=ps;slug=chi-ap-wi-gamblingtax;rg=r;zc=60194;ref=chicagotribunecom;pos=1;dcopt=ist;sz=160x600;tile=1;ord=56636279?" type=text/javascript></SCRIPT><SCRIPT language=JavaScript src="http://collectiveads.net/CM/script.jsp?pub=cm.tribune&zone=chgo_trib&typ=1&sz=160x600&ord=5644224"></SCRIPT><SCRIPT language=javascript src="http://72.3.134.85/CM/index.jsp?pub=cm.tribune&sz=160x600&zone=chgo_trib&opt=&typ=1&ord=405087&url=http://www.chicagotribune.com/news/local/wisconsin/chi-ap-wi-gamblingtax,1,6970369,print.story"></SCRIPT><SCRIPT language=javascript src="http://ad.doubleclick.net/adj/cm.tribune/chgo_trib/c_none;sz=160x600;contx=none;ord=906075"></SCRIPT><IFRAME marginWidth=0 marginHeight=0 src="http://view.atdmt.com/MON/iview/cllcatic0030000536mon/direct/01?click=http://ad.doubleclick.net/click%3Bh=v8/3524/3/0/%2a/a%3B67427273%3B0-0%3B0%3B14734132%3B2321-160/600%3B18089082/18106977/1%3B%3B%7Eaopt%3D3/2/52/0%3B%7Esscs%3D%3f" frameBorder=0 width=160 scrolling=no height=600 allowTransparency leftmargin="0" topmargin="0"> <noscript> </noscript></IFRAME> </NOSCRIPT></TD><TD width=10 bgColor=#666666> </TD></TR><TR><TD bgColor=#666666 colSpan=3> </TD></TR></TBODY></TABLE>Associated Press

March 27, 2007, 9:21 AM CDT

MADISON, Wis. -- A River Hills man can't deduct his gambling losses from his Wisconsin taxes, a state appeals court ruled Tuesday.

The 1st District Court of Appeals ruled a state law that went into effect in 2000 prevents gamblers from counting losses against their winnings.

According to court documents, Daniel Dettwiler claimed about $100,000 in income from gambling on his 2002 state taxes. He also claimed $41,637 in gambling losses and deducted them from his winnings.

Dettwiler contended that federal tax codes permit him to subtract the losses from his income, and the federal codes are the starting point for determining his income for his state taxes.

The state Tax Appeals Commission disagreed, ruling his gambling losses didn't qualify as deductions. The appeals court said Dettwiler's arguments were "wholly contrary" to the Legislature's decision to eliminate such offsets with the 2000 law.


<CITE>Copyright © 2007, The Associated Press</CITE>
<SCRIPT language=JavaScript> var st_v=1.0; var st_pg=""; var st_ci="703"; var st_di="d004"; var st_dd="st.sageanalyst.net"; var st_tai="v:1.2.1"; var st_ai="3439071";</SCRIPT><SCRIPT language=JavaScript1.1><!-- st_v=1.1;//--></SCRIPT><SCRIPT language=JavaScript1.2><!-- st_v=1.2;//--></SCRIPT><SCRIPT language=JavaScript1.1 src="//st.sageanalyst.net/tag-703.js"></SCRIPT><SCRIPT language=JavaScript> if (st_v==1.0) { var st_uj; var st_dn = (new Date()).getTime(); var st_rf = escape(document.referrer); st_uj = "//"+st_dd+"/"+st_dn+"/JS?ci="+st_ci+"&di="+st_di+ "&pg="+st_pg+"&rf="+st_rf+"&jv="+st_v+"&tai="+st_tai+"&ai="+st_ai; var iXz = new Image(); iXz.src = st_uj; }</SCRIPT><NOSCRIPT> </NOSCRIPT><!---metrics include file---><!-- SiteCatalyst code version: H.1.Copyright 1997-2005 Omniture, Inc. More info available athttp://www.omniture.com --><SCRIPT src="/central/javascript/mtrx/s_code.js" type=text/javascript></SCRIPT> <SCRIPT language=JavaScript><!-- s.pageName="Chicago Tribune - Print - Option." s.prop38="Print - Option" s.eVar21="Print - Option" s.server="www.chicagotribune.com" s.channel="Chicago Tribune:news"s.prop3=""s.prop28="3439071"s.prop32="" s.prop36="" s.prop37="" /* E-commerce Variables */s.events="" s.eVar20="Chicago Tribune"s.hier1="Chicago Tribune:news:local:wisconsin" s.hier2="TI:Chicago:Chicago Tribune:news:local:wisconsin"s.prop44="chi-ap-wi-gamblingtax" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/var s_code=s.t();if(s_code)document.write(s_code)//--> </SCRIPT><SCRIPT language=JavaScript><!--if(navigator.appVersion.indexOf('MSIE')>=0)document.write(unescape('%3C')+'\!-'+'-')//--></SCRIPT>








----
Would be a good FH question to a sports bettor who claims his winnings. 500K won - 450K lost, YOU US ON 500K, guh. <!--<!--/DO NOT REMOVE/--><!-- End SiteCatalyst code version: H.1. --><!--x-Instance-Name: i4s74n1-->

I don't believe this includes people who file schedule Cs... Just personal deductions. WI would have no way to know what is on a scheudle C

Oh yeah that makes total sense...not

And why would ANYONE in a state that has this tax rule ever admit it? How could they?

you can claim losses against wins if you consider them all one bet. It really depends on whether you do your accounting daily, weekly, or monthly.

Journeyman said:

Oh yeah that makes total sense...not

And why would ANYONE in a state that has this tax rule ever admit it? How could they?

Click to expand...

Well, if you hit "signers" in any of the many Indian casinos they have in the state, or hit a nice trifecta in an OTB, they have records of it.
No way in hell do you claim off-shore winnings.

Weird as they have dog tracks in Widky (as well as indian casino's). If you go to the track or casino everyday the winning can add up. I know the state tax is prob only 3% or so but to some it can be a few grand to some, they shouldn't have to pay even after maybe being a net-loser.

Wisconsin is a sh**hole for gamblers with this law. If you like to gamble, get the hell out of Wisconsin!

sean1 said:

I don't believe this includes people who file schedule Cs... Just personal deductions. WI would have no way to know what is on a scheudle C

Click to expand...

Why wouldn't they? most states require a copy of you federal return including schedules when you file your state return.

Title should read: Everybody should stay away from Wisconsin - including gamblers.