His preferred form of action is the slot machine, which, unfortunately, generally offers among the worst odds of any type of game in a casino.
John Coleman is a self- acknowledged compulsive gambler.
Despite inexact substantiation of his losses, the Tax Court held that a taxpayer had lost more than he had won gambling during 2014, and he could take a gambling loss deduction equal to the amount of winnings reported to the IRS on Forms W- 2G, Certain Gambling Winnings, from casinos for the year.
