Several readers here have posted tax comments here. Some of the information is just wrong and some is based on individual experience but might not be applicable other gamblers. It can be dangerous to get your tax information from gambling forums and other Internet sources.
Filing as a gambling business is very complex. The new updated edition of "Tax Help for Gamblers" will be out the last of Feb or early March. Marissa and I have brought on board Russell Fox, an EA and experienced tax preparer who has dealt with the issue of taxes and gamblers for many years. We spend a lot of pages discussing the decision to file as a professional gambler, both for the live poker player and for those who play other games. There are so many considerations. But the bottom line is that each decision will depend on individual circumstances.
Jean
Posted by: queenofcomps@cox.net
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (4) |
