This should end all of the false claims about paying US taxes on poker

[Lottery Larry]

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So to clarify, if I am playing say 5 tables of a cash game in "one sitting" during one day, I would have played one session and thus would report the net winnings or loses from that session. Or is each table I played considered an individual session?

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I assume you're talking about online. Yes, as I read the IRS regulations listed, each table is an individual session in B&M and therefore will be treated the same in virtualland.

If and when the IRS comes out with specific online poker details, I think that's the only safe (and most accurate) way to interpret the existing requirements.

Personally, I doubt that the IRS is going to write clear guidelines about online gambling any time soon, given the current DOJ stance and legal environment.

Now, to be clear, I'm pretty sure you're not required to send in the detailed session breakdown with your tax return each year. These are records to back up your summed miscellaneous income and gambling deductions, if the IRS would ever come calling.