syka16
01-17-2006, 01:44 AM
This is my first year generating income through gambling. I've done some research and have consulted an accountant for advice on filing. I made about $40K this year mostly from SNGs but have not kept good poker logs or a "gambler's journal". I explain my situation to my lawyer and accountant. They assured me that my risk of an audit is low but as long as I have some information to substantiate my gambling losses, then I shouldn't have a problem.
I contacted the several (Poker Network) sites and requested my logs which were then emailed to me. I also have my neteller transactions recorded.
Is this pretty much all the information I need? I could really use any feedback or advice.
Thanks
I contacted the several (Poker Network) sites and requested my logs which were then emailed to me. I also have my neteller transactions recorded.
Is this pretty much all the information I need? I could really use any feedback or advice.
Thanks