[4thstreetpete]

Hello, TorontoCFE. Thanks for the advice. If you're in the Toronto area, I may want to get in touch with you sometime in the near future to get some legal advice. I will of course pay you for the services.

I will be reporting all my income from poker simply because it's just way too much for me not too ,it's in the six figure range so I'm not taking any chances.

Also, what about the very first year that you show a profit in online poker? I heard somewhere that the first year that you show a profit is pretty much tax free, however if you win the following year you should be reporting it since it shows a pattern of consistent profit and you would therefore be deemed a professional gambler.
But even then, they could always revisit prior years tax history.