Re: Never paid taxes before... how much should I expect to pay?
I made about 60k from poker last year and I owed around 20k after penalties. I did not file as a pro.
The penalties rise the longer you wait.
To calculate your total winnings and losing sessions you need an excel spread sheet.
Use poker tracker to export to it. Then you use a function to add up all of the numbers.
Mine were like 400k winnings, 340k losing roughly.
This is the correct way to do it.
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