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Old 10-31-2007, 11:36 PM
Azizal Azizal is offline
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Join Date: Feb 2005
Location: Atlanta
Posts: 268
Default Re: Never paid taxes before... how much should I expect to pay?

[ QUOTE ]

Most significant poker expenses are incurred by live players who travel -- airfare, hotels, meals, etc. If you're only playing on the net, you won't have anything of any significance.

[/ QUOTE ]

This is worded confusingly. "Significant" is relative. You can, as an internet poker player, deduct a portion of your utilities because your home is your office.

I was self employed outside of poker before switching to poker, and my CPA suggested that particular deduction prior to my switch. I can't see why it would be different, but it's possible.
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