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Old 04-18-2007, 05:26 AM
nick1 nick1 is offline
Junior Member
 
Join Date: Apr 2007
Posts: 16
Default Re: How bad did the IRS Stick it to you this year

thats kida weak sir, find me on the play tables if u want to get busy!!!!!!!!!!!!!!!!


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I'm a dual citizen (it's complicated).

US poker winnings last year get taxed in the states.
US donations/IRA get deducted in the States.
CDN income gets reported and deducted in the states.

CDN income gets taxed in Canada.
CDN donations/RRSP/metro passes/etc gets deducted in Canada.

As for my roll, I have a pretty serious nest egg in investments/the bank that I don't include in my poker roll (I stored away like 90%+ of my poker income last year because I was working and self-sufficient and only playing poker part-time). I only cashed out 3-4k from my roll to pay for my taxes and I still have tons saved up in my investments/cd/savings accounts. I plan on using the majority of it to go back to school/buy a house though, so I don't count my savings/investments in my roll.

Currently I work full-time and save 20% of my working income so 100% of my poker winnings are going into savings.

Part-time poker/being a nit ftw.

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