STTF [censored] thread. November (NSFW)

[Ditch Digger]

I thought we could just file as a professional gambler and we'd be alright. Do I need to be setting up some bad arse company in the next few weeks?

[Green Kool Aid]

what about us low stakes ballas? are they gonna investigate me for buying an ipod and a laptop with my four digit poker winnings???

i dont wanna go to jail [img]/images/graemlins/grin.gif[/img]

[[Phill]]

wow - im in a 16 where 6 of the 9 of us (inc me) are known by me to be multitablers.

This [censored] is crazy!

[Jbrochu]

[ QUOTE ]
For my example I will use a player "John" with 10% roi at the 114s who plays 1000 tournaments a month at 40% ITM. Tax law makes you report gross gambling winnings on your 1040 and gross gambling losses on your schedule A, rather than simply added your net winnings onto the form 1040. Where high volume players get screwed by this is that once your Adjusted Gross Income is above a certain level you begin to lose part of your schedule A deduction and part or all of your exemption is lost. In playing 12,000 114s at 10% John up $136,800. It follows that he won 957,600 (payout-buyin) in 4800 of his tournaments, and lost 820,800 (0-buyin) in playing the other 7200 tournaments that year.


[/ QUOTE ]


Is it not ok, especially if you're multi-tabling, to count each day as a "session" for reporting purposes? If not, seems like switching to cash is the only reasonable alternative for someone who is a serious player but cannot file as a pro.

[BradleyT]

I just filed for my LLC today (not for poker), who'd you get a company card through, Amex?

[futuredoc85]

bad beats on bubble in 6/10 for the set= spite call! prolly should have made sure we were on the bubble first though! [img]/images/graemlins/confused.gif[/img] [img]/images/graemlins/shocked.gif[/img]

PokerStars Game #6940769700: Tournament #35417080, $25+$2 Hold'em No Limit - Level IX (300/600) - 2006/11/08 - 10:11:33 (ET)
Table '35417080 1' 9-max Seat #7 is the button
Seat 2: futuredoc85 (6192 in chips)
Seat 3: airedale05 (1900 in chips)
Seat 4: covenant71 (175 in chips) is sitting out
Seat 5: bigdogmj (1980 in chips)
Seat 7: chaser2 (3253 in chips)
futuredoc85: posts the ante 50
airedale05: posts the ante 50
covenant71: posts the ante 50
bigdogmj: posts the ante 50
chaser2: posts the ante 50
futuredoc85: posts small blind 300
airedale05: posts big blind 600
*** HOLE CARDS ***
Dealt to futuredoc85 [Qs 5d]
covenant71: folds
bigdogmj: folds
chaser2: raises 2603 to 3203 and is all-in
futuredoc85: raises 2939 to 6142 and is all-in
airedale05: folds
*** FLOP *** [6h 7d 3c]
*** TURN *** [6h 7d 3c] [9d]
*** RIVER *** [6h 7d 3c 9d] [Qd]
*** SHOW DOWN ***
futuredoc85: shows [Qs 5d] (a pair of Queens)
chaser2: shows [5c 5h] (a pair of Fives)
futuredoc85 collected 7256 from pot
*** SUMMARY ***
Total pot 7256 | Rake 0
Board [6h 7d 3c 9d Qd]
Seat 2: futuredoc85 (small blind) showed [Qs 5d] and won (7256) with a pair of Queens
Seat 3: airedale05 (big blind) folded before Flop
Seat 4: covenant71 folded before Flop (didn't bet)
Seat 5: bigdogmj folded before Flop (didn't bet)
Seat 7: chaser2 (button) showed [5c 5h] and lost with a pair of Fives

[chok1]

[ QUOTE ]
how long does it take to get a passport? assuming its like 4weeks+, is there a way to pay more to get it faster?

[/ QUOTE ]
i just go to the post office near my house, pay like 20 bucks extra and i get it in 2 weeks

[MikeMcQ1]

All right. Is morpheus a 2+2r? I have to know. He's just such a friendly little fellow.

[BHokie1]

[ QUOTE ]
All right. Is morpheus a 2+2r? I have to know. He's just such a friendly little fellow.

[/ QUOTE ]

Excellent Hand My Friend

I don't think so, but when he's playing his best he's close to a pushbot.

Yes he's my favorite.

[Green Kool Aid]

[ QUOTE ]
All right. Is morpheus a 2+2r? I have to know. He's just such a friendly little fellow.

[/ QUOTE ]

ya he is...i forget his 2p2 name though/