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Old 11-15-2007, 03:13 PM
chesterboy chesterboy is offline
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Default Re: My new CPA says I should file as a corporation???

Hey Russ if I have sizeable income from poker (60k+) but I am a full time student, do I still have to do the self employed thing?
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Old 11-16-2007, 01:25 PM
Russ Fox Russ Fox is offline
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Default Re: My new CPA says I should file as a corporation???

[ QUOTE ]
if I have sizeable income from poker (60k+) but I am a full time student, do I still have to do the self employed thing?

[/ QUOTE ]

Without knowing the full details of your situation all I can do is speculate. I will say that a full-time student can be an amateur player (gross wins as other income, gross losses as an itemized deduction on Schedule A). Whether that's the best way to handle your situation, though, is something you and your professional tax adviser will have to determine.

-- Russ Fox
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