Do i have to file as a pro?
Playing poker is my only source of income. I really don't have much in terms of expenses so it's better if i consider it a hobby for tax purposes though. I won about 100k last year (150k win/50k losing session) and was going to do the line 21 schedule A itemitized deductions and just list my occupation as a student. Does anyone think this will raise red flags or know if at a certain points i'm supposed to say i'm a professional? I also have time to consider how to file as I currently live in the UK so i get a 2 month automatic extension.
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03-23-2006, 07:22 PM
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