Gambler Wins a Jackpot and the Court's Tax Ruling

From ST. PAUL, Minnesota according to the Associated Press: "The amount of money that Estelle Busch lost at the slot machines, she managed to win later on with tax collectors."

"The Minneapolis woman that plays 60 hours a week, named her occupation her business, and managed to convince the Minnesota Supreme Court that she should be able to deduct $200,000 in gambling losses over three years from her taxes."

"...The state tax collectors wanted her to pay a sum of $102,000 consisting in back taxes."

"...Justices departments agreed that she got involved in a 'trade or business,' even if it wasn't a particularly reasonable one to practice..."