Taxes question

[Chadt74]

"We cant take the standard deduction and deduct our losing sessions?"

No if you use the standard deduction you can not itemize.

The reason CPAs do not post stickies is that this is a very specialized part of the law/tax code where there are many gray areas and each case probably has to be reviewed on their own basis. If you search there was some pretty detailed information last year that had a few CPAs giving their veiws on tax issues.