Taxes

[PunchOut]

what is the best way to claim poker winnings? i am working full time right now. i am thinking about getting a part time job and reporting a modest 1-1.5k income from poker even though i estimate it will be around around 3-5k a month. is this reaslistic to get away with?

i need a lot of help in this area, and any additional information is greatly appreciated.

[Fishhead24]

Report winnings on LINE 21 and deduct your losses on Schedule A..........make sure you deduct at least 10,000.

-FH-

[Messiahkid]

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make sure you deduct at least 10,000.

-FH-

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explain please

[ChromePony]

[ QUOTE ]
what is the best way to claim poker winnings? i am working full time right now. i am thinking about getting a part time job and reporting a modest 1-1.5k income from poker even though i estimate it will be around around 3-5k a month. is this reaslistic to get away with?

i need a lot of help in this area, and any additional information is greatly appreciated.

[/ QUOTE ]

If you're going to under report this substantially why bother to report at all (both are very bad ideas by the way)? I'm confused with your reasoning here...

[PunchOut]

[ QUOTE ]
[ QUOTE ]
what is the best way to claim poker winnings? i am working full time right now. i am thinking about getting a part time job and reporting a modest 1-1.5k income from poker even though i estimate it will be around around 3-5k a month. is this reaslistic to get away with?

i need a lot of help in this area, and any additional information is greatly appreciated.

[/ QUOTE ]

If you're going to under report this substantially why bother to report at all (both are very bad ideas by the way)? I'm confused with your reasoning here...

[/ QUOTE ]

there is no reasoning. it is a question. i have no clue how i will claim/not claim. i need help in this area. can u read?

[raptor517]

why risk it? claim everything.

[skierdude1000]

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why risk it? claim everything.

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QFT

pay your taxes and don't worry about it