#21
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Re: Q: Why does the definition of a \"session\" matter for tax purposes?
[ QUOTE ]
[ QUOTE ] That is actually the best, most concise article I have seen written on the subject (it seems to contradict Russ Fox a bit as well). [/ QUOTE ] Since that article was written by Russ Fox, I have my doubts that it contradicts him.... -- Russ Fox co-author, "Why You Lose at Poker" [/ QUOTE ] POTD! [img]/images/graemlins/laugh.gif[/img] |
#22
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Re: Q: Why does the definition of a \"session\" matter for tax purposes?
Thanks,
But can you expand a some on this? It still would affect your personal exemption levels, correct? Or are you saying it would not? Would this be the only difference? The reason I was asking about a joint return, is that it would also affect the spouse personal exemption....wouldn't it? Is there anyone who disagrees that this is the only effect of itemizing sessions vs. netting out? If so, that is your maximum exposure..correct? Just as a reminder, this is for us who are ALREADY itemizing deductions. |
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