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Old 09-05-2007, 05:02 PM
Merkle Merkle is offline
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Join Date: Dec 2003
Posts: 66
Default Re: Poker, the IRS, Law, and Self Emp Tax

I prepared 4 sample tax returns using certain assumptions. One return with no poker income, poker income netted (which we are not supposed to do, poker income reported properly as a hobby and poker income reported as a pro.

http://www.softwarecitytn.com/files/...Poker%20In.pdf

The link above worked for me. If others have trouble let me know. If the explanation is not clear or if you have questions please ask.

PS
Please note that in the examples used about 60% of your poker income goes to taxes if filing properly as a hobbyiest
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