[pyedog]

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Hi TorontoCFE,

My poker profits from last year were in the 7 figure range, about half online, and half from live tourneys. I just got an opinion from a 2nd tax lawyer here in Ottawa, and they have both said after reviewing all of my facts, and making many comparisons to past cases, that I should not be taxed. Also, since I have their written opinions, I can never be charged with negligence.

But you seem to be an expert in the field. Say they did try to tax me in the future, would they come back through all of the years? (2006 was my first big year as a pro). What do you suggest I do? This has been bugging me for a few months now.

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Hey myst,

Would you mind telling us the reasoning as to why these two tax professionals don't think that you need to pay taxes on your poker winnings? Are all of your winnings from tournamanets or are some of them from cash games too?

I would be interested in hearing the logic they used to determine that your winnings are tax exempt even though you're playing poker as a professional and obviously winning huge.