Funny that Jean's post about her book just popped up as I started to write this. I am actually reading the book, but I had a couple of questions.
I am going to just file an extension but I'm trying to figure out how much estimated tax I should send in. I have a job but made more than that with video poker last year, spent more time playing VP, and have logs to show it. There's no question that I can file as a professional, right?
Also, with respect to freeplay, gifts, and comps it was an eye opener to me that gifts and comps really don't have to be reported. A couple of questions though... say I get a coupon for $50 dining in my mailer or through some kiosk promotion. Does this have to be reported if I use it?
Also, a much bigger question, what about points that you have? For example say you have 1000 players club points that can be turned into $1000 freeplay, $1000 dining, $1000 cash back, or $1000 in gift certificates. For each of these scenarios, would it be proper to report or not report it?
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Posted by: aonsf@reallymymail.com
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