Arnstein & Lehr LLP Partner Discusses a Surprising Taxable Area in U.S. News & World Report

Arnstein & Lehr LLP Partner Discusses a Surprising Taxable Area in U.S. News & World Report
February 10, 2016

Arnstein & Lehr LLP tax attorney Robert E. McKenzie was quoted in a U.S. News & World Report article called “8 Surprising Things That Are Taxable,” where he points out that any gambling wins are taxable, even smaller lottery wins.

“Any gambling wins, including lottery and fantasy sports, are income.” But there is an upside – “You can deduct your gambling losses against winnings.”

Click here to read the full article. It has also been picked up by a number of other outlets, including DailyFinance and the fool blog.