Re: Never paid taxes before... how much should I expect to pay?
[ QUOTE ]
Most significant poker expenses are incurred by live players who travel -- airfare, hotels, meals, etc. If you're only playing on the net, you won't have anything of any significance.
[/ QUOTE ]
This is worded confusingly. "Significant" is relative. You can, as an internet poker player, deduct a portion of your utilities because your home is your office.
I was self employed outside of poker before switching to poker, and my CPA suggested that particular deduction prior to my switch. I can't see why it would be different, but it's possible.
|