[Randy_Refeld]

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I don't understand what you mean. Are you saying you have to list all your winnings on the front of your 1040 but can't deduct the loses on your itemized deductions?

Does Illinois not have anything like an IRS Schedule C?

Dogmeat [img]/images/graemlins/spade.gif[/img]

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Yea, that's exactly what I'm saying. Say your gross winnings are 45k. However, your net after deducting losses, or your take home, is 25k. You get to pay taxes on 45k instead. FWIW, I got this information from Russ Fox, a CPA who is familiar with online gambling and occasionally posts here.

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I know Russ Fox in real life, he seems very knowledgable.