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Old 01-09-2006, 03:36 PM
jhall23 jhall23 is offline
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Join Date: Sep 2004
Posts: 1,449
Default Re: Kicking Things Off

[ QUOTE ]
In many states amateurs are taxed for every session they win, but they aren't allowed to deduct losing sessions from their taxes.

[/ QUOTE ]

This isn't entirely true is it? I thought I read frequently that you may deduct your loses, but the problem is that you have to itemize them and can no longer take the standard deduction. Am I off here?

This is my first year of serious poker and I haven't done this before so I would like to know.
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