This has not always been the rule, this has been what you believe to be the rule.
It is literally defined in the TAX CODE. Basis of a Wager is excluded from Wagering Gains. I posted the revenue rule ( WHICH is part of the tac code). It is defined in there. Not one person has posted anything that can discredit the ACTIVE revenue rule.
This literally has 0 to do with a W2G. W2Gs are irrelavent to this point.
