Re: SE Tax Maximums?
You should file as a hobbyist if you make more at your regular job, especially if you make a lot more, than at poker. If filing in a certain way that is incorrect benefits you, the IRS may be inclined to get on you about it. I've heard cases on both sides, where someone got in trouble for filing as a pro when they should have been a hobbyist, and when they were a hobbyist who should have filed as a pro. Of course small chance of this mattering, but just FYI.
|