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  #19  
Old 09-01-2007, 10:27 PM
Tofu_boy Tofu_boy is offline
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Join Date: Jul 2006
Posts: 823
Default Re: IRS Withholding on US Tournament Winnings Starts in 2008

So If I play 1k tourney today won 6k pay tax on those 5K.
Then tomorrow I play 5k tourney and lose.
Next day I play 2k tourney and won 7k pay tax those 5k (which is 1k) again.
Then next next day I play 5k and lose.
I suppose to break even on those 4 Tourney but now I'm -2k?
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