View Single Post
  #25  
Old 10-15-2006, 07:59 PM
frommagio frommagio is offline
Senior Member
 
Join Date: Jan 2005
Posts: 976
Default Re: Poll: Do you claim taxes on your winnings?

[ QUOTE ]
Netting wins and losses = illegal and subject to audit. I don't really care, but there are better ways to fudge your numbers than doing that.

[/ QUOTE ]

It's not that cut and dried - a lot depends on your situation. Read the rules for the various categories. For me, netting as hobby income was the most apropos choice available. No other category fit as well.
Reply With Quote