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Old 10-27-2007, 03:37 PM
Lottery Larry Lottery Larry is offline
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Join Date: Jun 2003
Location: Home Poker in da HOOWWSSS!
Posts: 6,198
Default Re: How will part-time players survive a regulated poker site?

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Guys, get a grip, you will pay taxes on what you net, I've won lots playing live and online. I have an accountant, and all we do in april is figure out, roughly how much did i net?, ok can i roughly prove it?, fine. Then there is like one line on the tax for where i write , gambling winnings = 100k. End of story. chill out.

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Your accountant sucks, if he's telling you to net out amounts on your federal tax form.
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