[bigbb33]

Thanks for the above reply!

I have a few questions, though: I understand how things work with tournaments, as you explained above, but does it work the same with cash games? Supposing that my original analogy (the 10k to 15k bankroll one) was purely about cash games, does the 'overall profit over the entire year' still hold? Meaning if I went from 10k to 15k over the year, like in the original analogy, would the government only consider the net gain of 5k taxable, even if I made say 10.5k in a month while losing in the rest?

Also what records are required (for cash games)? A simple poker tracker database in which I load all my hands, and then pay taxes on the net positive change? Or do I need hand histories printed from every table I sat at?

Thanks