[sourbeaver]

There is an important point that I don't think has been discussed.

That is, how do you determine your poker income for a given fiscal year.

Is it:

- Added value of all poker accounts + Neteller + withdrawals
- Only amounts going and remaining in Neteller + withdrawals
- Withdrawals to your bank account

Example:

A player has made 10k profits in 2004. 5k remain in different poker accounts, 3k are in Neteller, 2k have been withdrawn to bank account.

What portion of the profits should be declared for 2004 ?

Can they be considered profits before they are withdrawn to a bank account ? Much like a stock speculator who doesn't have to declare capital gains that are not locked in.

Is Neteller considered merely an extension of poker accounts or is it considered as a bank account for tax purposes ?

I really wonder if I should file a T1-ADJ, and if so, how much I should declare.