Got a letter from the IRS

[2ndGoat]

[ QUOTE ]
According to "the gambler's guide to taxes" by Walter L. Lewis:

some of the qualifications to be a professional gambler:

"
-There must be a profit motive. The expectation of making a profit to be able to support enoeslf must be evident. A profit must be shown in at least three of the last five years.

- A considerable amount of time must be spent gambling. Gambling must be done with regularity.

-A business operation must be evident. The IRS requires all businesses to maintain a set of books and records that document the activity. OTher items that would indicate business intentions include business cards, letterhead or stationery, all required buiness lincenses and registrations, a business telephone listing, and an office address or post office box."

[/ QUOTE ]

I only really scanned through that case (comissioner v groezner or something like that?), but it was sort of tricky... since it was for a pro that was actually petitioning to be called one, rather than someone trying to prove his ameteurness, and our situations are trying to establish the opposite, the wording didn't seem fully applicable to our situation throughout. But I don't remember specifics; it's been a couple months since I dealt with it.

Regardless, I did quote it in my letter to the IRS, and they did let me off the hook.

Now I'm waiting for them to tell me that in 2005 when I did NOT have a full-time job that I was not a pro and I can't claim deductions and should have filed as misc income, heh.

2nd