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Originally Posted by horses4courses
You mean to tell me that your return was over 300-1 on your investment?
Three times????
I think not......
Do you have to declare taxable income when you're part of a syndicate who manages to hit a ticket, or two, that are signers?
Say, you invested $100. Things went well that day, and you get back $500.
In the meantime, you are taxable on your return.
Imagine if you had to sign every time you hit a $10 winner.
The only tangible method of describing your experience in this pool is with ROI.
Anything else (apart from net $ win/loss) is blowing smoke.
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Yes I claimed them on my tax return but they were off set by my wifes casino losses. So far I have invested $2200 and got back $3975 for a profit of $1775 which is ok with me.
