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No. Electronic records are fine.
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Sorry. For brick and mortar play, you need a "contemporaneously written log." That's what the IRS regulations specify.
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Right. But 'contemporaneously written' can include Excel, providing, of course, that you are entering your wins/losses immediately after you get back to your house and not six months later.
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So to clarify, if I am playing say 5 tables of a cash game in "one sitting" during one day, I would have played one session and thus would report the net winnings or loses from that session. Or is each table I played considered an individual session?
Russ Fox maintains that this would be five sessions. I strongly disagree with this and I think if it ever got to court I would be proven correct. YMMV.
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I don't think that's the conclusion I reached in my article on "What is a poker session." Indeed, I wrote, "Now, what about an online player playing multiple games at the same time? Take Player E, who plays at one online site. He plays simultaneously at four different virtual tables: Tables 17 & 18 in $1/$2 Texas hold’em games and Tables 19 & 20 in $1/$2 Omaha games. E wins $10 at Table 17, loses $20 at Table 18, wins $30 at Table 19 and loses $5 at Table 20 while playing these tables simultaneously during the same one-hour period.
There are no rules created by the IRS to treat online gambling differently than gambling in a bricks & mortar cardroom. This means that we can apply the above rule. E has two sessions, a loss of $10 in hold’em and a win of $25 in Omaha." You can find more in the article I wrote, available
here.
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My apologies - it looks like we agree on the definitions of a cash game session, at least. I would follow up by saying SNG's in mass quantities aren't discrete events, either, but I do understand where you are coming from.