hi, last year i got way behind in my betting at the dog track. the loanshark i owe money to is charging me 20% interest and i was wondering if there is a way i can at least write this off on my taxes. i don't have any documentation from him, but his enforcer said he'd sign a note that i do owe the money. will the irs take that instead?
2006-12-31 07:07:54 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Yea and with your life,,,smiles You have a track record and it should be a good if not excellent credit track record that will follow you in whatever you might want from Life ...
2006-12-31 07:12:52 · answer #1 · answered by Gypsy Gal 6 · 0⤊ 0⤋
Betting on dogs is not recognised as an occupation for tax purposes (winnings are tax free).
Run away, grow a beard and make sure the loan sharks do not find you.
2006-12-31 09:47:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yeah, right, for sure, like your loanshark pays Taxes and is happy to provide documentation to the IRS so they can come looking for him ????
Good Luck ! (hope you have Medical ..)
2007-01-03 04:11:25 · answer #3 · answered by Steve B 7 · 0⤊ 0⤋
You got your self into it..deal with it.
2006-12-31 07:18:51 · answer #4 · answered by kleenkarsrus2003 3 · 0⤊ 0⤋
I don't think so...
2006-12-31 10:10:22 · answer #5 · answered by joeyrep 1 · 0⤊ 0⤋