Are Gambling Losses Tax Deductible?

Summary: My wife and I took a trip to Las Vegas this year, and while we did not go over our budget, we did suffer a bit of a loss at the blackjack table in the casino. I have been told by a friend that it may be possible to deduct my gambling losses on […]

Is His 401k Community Property?

Dear Esq, My husband and I have been married for 21 years. We live in California, and I am considering a divorce. Is his 401K considered community property? What about our separate IRA accounts? Wondering — Dear Wondering, California is indeed a community property state. Generally speaking, anything acquired during the marriage is considered to […]