[yukoncpa]

Hi, dtownpoker

I feel that I had better make one clarification. On your OP, you asked if you should file as a pro or a hobbyist. I’ve bandied about the word hobbyist on some of my posts and I may have been a bit misleading. What I’ve meant is that hobby loss rules in the tax code are treated similarly to rules on wagering. But they are not the same. As a gambler, you would never file as a hobbyist. You would file with income from “gambling” (front of return) or you would file with income from the “ trade or business of poker, (or gambling)” ( as a pro), schedule C.
I’m making a minor clarification here. It’s just that I don’t want anyone to think that you would file as a “hobbyist”