vpFREE2 Forums

Free Play and Won Loss Statements

In a message dated 1/17/2008 4:04:00 P.M. Eastern Standard Time,
BJDan1961@aol.com writes:

Even allowing a 10-12% discount on the gift cards
from face value would still be better if someone were in the 20%+ tax
bracket.

That would depend if you had a net gain or loss for the year, if you itemize
in the case of a loss and what state you lived in.

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