is a terrible uncle when he talks about taxes.
We have to report any capital gains even for one dollar but if we can only write off for capital loss up to $3000, no matter how much you have lost in that year.
For this reason, I need to live up to 120 years old, so I can write off all my capital loss from previous years. I think I will make it even if I can live up to 100 years old based on the conditions that if I don't lose in the stock market for the rest of my life plus I can more social security money.
So the theory is that my dick can be totally limbo at age 80 as long as my heart can continue to pump for another 20 years.
Btw, If you win money over $1200 by playing slot machines, you need to pay for gaming gains. Lol, that is why I only play table games, not slot machines.
Can you write off your taxes by gaming loss? Hell no, you are fucked cos you have been a bad boy or girl. You have sins and need to go to church to confess.