Re: Need info on Michigan tax law re: online poker gains
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I've spoken with mtgordon a bit in PMs and I guess I have a more general question regarding the legality of playing online poker (obviously based overseas) while a Michigan resident.
Also, at what point (in terms of winnings compared to other income) should I consider filing as a professional gambler?
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1) Regarding paying your taxes the legality is irrelevant, you sill owe tax.
2) It is not whether you should file as a Pro but if you can qualify under IRS regulations without getting denied that claim by the IRS and whether it will lower your taxes or raise them.
Just consult an accountant.
Jimbo
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