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#11
07-30-2007, 04:04 AM
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Re: Dealing with the Tax man as a low limit \"pro\"
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ ] news [ ] views [ ] gossip [X] crappy question [/ QUOTE ] where should this be posted then? I don't know why it's a crappy question... is there nobody on here that has no other job than poker? of course not. do they pay taxes? i would think at least some do... [/ QUOTE ] There are dozens of threads on this topic in the Internet Gambling and Legislation forums (aka you shouldn't start a new one). Anyhow, if you file as a professional you can net your wins and loses and you can deduct expenses. See a knowledgable tax prepairer for details. [/ QUOTE ] thanks... did searches on taxes and came up with nada. will look there. 
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#12
07-30-2007, 04:28 AM
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Re: Dealing with the Tax man as a low limit \"pro\"
Why are pro and regular job in quotes? I don't get it?
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#14
07-30-2007, 02:54 PM
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Re: Dealing with the Tax man as a low limit \"pro\"
[ QUOTE ]
Why are pro and regular job in quotes? I don't get it? [/ QUOTE ] because those terms are often not fully defined... im just asking about if you have no job other than poker... tax wise, what do you do..
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#15
07-30-2007, 03:14 PM
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Re: Dealing with the Tax man as a low limit \"pro\"
[ QUOTE ]
1. Live in the uk. 2. Don't pay taxes on poker. 3. Play on Party. 4.?????????? 5. Profit. [/ QUOTE ] 4. Pay 16.00 for a gallon of gas.
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#17
07-31-2007, 03:25 AM
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Re: Dealing with the Tax man as a low limit \"pro\"
[ QUOTE ]
[ QUOTE ] 1. Live in the uk. 2. Don't pay taxes on poker. 3. Play on Party. 4.?????????? 5. Profit. [/ QUOTE ] 4. Pay 16.00 for a gallon of gas. [/ QUOTE ] you still have to pay taxes to your county in almost all countries that tax poker the US you do for sure
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#18
07-31-2007, 11:59 AM
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Re: Dealing with the Tax man as a low limit \"pro\"
Any serious answers. I also live in the US and will soon be playing full time. I will also be playing full time in 08, with no other source of income.
How do others file, what do they use to compute winnings and losess. What is a "session", how do you keep track of it all?
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#20
08-07-2007, 01:23 PM
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Re: Dealing with the Tax man as a low limit \"pro\"
[ QUOTE ]
[ QUOTE ] 1. Live in the uk. 2. Don't pay taxes on poker. 3. Play on Party. 4.?????????? 5. Profit. [/ QUOTE ] 4. Pay 16.00 for a gallon of gas. [/ QUOTE ] ??? Only if you are buying it 10cc at a time as lighter fuel!
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