[PShabi]

Yeah, you could be a net loser and still end up paying more to the gov't because you're a poker player. It's so ass backward, it's funny.

I've never dealt with the IRS, but if you were audited, I think they'd be satisfied with the itnent to honestly report the winnings. If you're trying to hid shit, you're in trouble. But if you are making an attempt to interpret the law and be honest, they aren't going to drop the hammer because of a minor discrepancy.

Either way, I don't understand why this law would ever be put into effect. It makes no sense and may have been created by some bible thumper hell bent on converting evil gamblers.

It should be net profit reported as income, period.