Re: Poker related write-offs for non-pros
Well, I read in RBS Tax Services' "The Tax Guide for Gamblers" that a gambler was successful deducting expenses on Schedule A under IRS code Section 212, "Expenses for the Production of Income." (Rowles TC Memo 1986-30).
Apparently he had to go all the way to tax court to get it though.
Have you tried filing as a pro and depreciating your monitors? Filing as a pro allows you to keep your standard deduction and is sometimes cheaper.
You can't deduct a "commute" to your local casino though, you can only deduct trips to out of town casinos.
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