In a message dated 10/10/06 12:18:47 PM, john.douglass@yahoo.com writes:
<< Bounceback can take various forms: cash coupons and freeplay are two of
them. I can see that a cash coupon is additional income and therefore taxable.
Any monies that I can get by going directly to the cashier/cage I consider
income and taxable. I don't disagree with people that consider it a promotional
freebie especially when the coupons are dated and you alone (with proper ID)
must claim them. This hints that that want you, and only you, to come to the
property.
All monies unavailable unless I play them through the machine, I consider
part of a session and also the net that I walk with is earned income.
I tend to be a little too conservative for filing under Schedule C assumes
you will be making some profit 3 of every 5 years. Many times, you profit
margin swings on the amount of your cashback.
Anteroz