Hi,
this is a pretty obscure topic, am hoping someone might know, though...
If you're a US resident or a Canadian you can claim gambling losses against W2G wins. I am neither - on a J1 visa and will have to submit a 1040NR - can I offset gambling losses against wins ?
The decision as to whether to play VP hinges on this - if I am stuck with a 30% withholding on royals, I drop ~ 0.6% on EV...
Thanks
D.
this is a pretty obscure topic, am hoping someone might know, though...
If you're a US resident or a Canadian you can claim gambling losses against W2G wins. I am neither - on a J1 visa and will have to submit a 1040NR - can I offset gambling losses against wins ?
The decision as to whether to play VP hinges on this - if I am stuck with a 30% withholding on royals, I drop ~ 0.6% on EV...
Thanks
D.