Re: Bankroll Definition and Recommendation for No-Limit Hold \'em
ill,
Once you take the money off the table, it is no longer "in play" or "at risk."
Here is the appropriate analogy regarding the chips you put in the casino box or money in your poker account.
You have a stock. It goes up. You do not sell it. As you said, you do not pay taxes on how much it has gone up. BECAUSE UNTIL YOU SELL IT THE STOCK COULD GO DOWN AND YOU COULD NOT REALIZE THOSE GAINS. You now sell it and the proceeds go into your ETrade account. At that point, you owe taxes, even though you have not put it into your bank account yet.
Like Kenny Rogers said, you don't count your money or owe your taxes while you're sitting at the table. But you do as soon as you leave the table.
Your advice regarding gambling winnings is simply 100% wrong. There is no ambiguity in the IRS stance on this.
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