Once you are retired from your primary job you should have no problem filing Schedule C as a professional gambler (your part time job) This eliminates the issue as all W2G's and netted out with losses on Schedule C before it is carried over as Gross Income on form 1040. . You do have to show a profit in 3 out of 5 years, treated like a real business and pay SE Tax but you get a lot of deductions in return you can take including trial, meals, mileage, home office, and even take the M&E per diem while on the road.
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Posted by: vpbp2002@yahoo.com
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