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Old 08-08-2006, 11:28 PM
Quicksilvre Quicksilvre is offline
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Join Date: Jul 2005
Location: Clinging to the binomial theorem like a drunk to a lamppost
Posts: 3,482
Default Re: Final Table?

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Can you deduct cash game losses against tourney winnings? If that is the case, Hellmuth would never have to pay taxes!!

(Assuming no other income which of course is not true)

[/ QUOTE ]

Yes, but when I declared large losses 5 years in a row they declared it was a hobby and not a business, disallowing my deductions. I did 3-5 in a fed pen.

NCAces

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Congrats on getting out, dude. [img]/images/graemlins/grin.gif[/img]
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