Thread: Using PokerTracker for Taxes...
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  #26  
Old 02-09-06, 12:35 PM
PShabi PShabi is offline
MC Adam Yauch
  

Join Date: Oct 2004
Posts: 6,947
PShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep PointsPShabi has between 2500 and 2999 Rep Points
Default This is an eye-opener
A post I just copy/pasted from the PokerTracker forums. Dude has to claim over 100k in additional income, yet only had net gains of $6,000. Rape.

From

I just spereated my sessions from gross winnings to gross losses. and I was hit by sticker shock. I play 5-8 hrs a day and 4-6 tables at mostly 5/10 limit.

I make 83K at my job, my wife makes 45K so our income is around 128k. to my surprise I have won (gross winnings) through oct. $123,410 usd
with a gross loss of 119,885.

just thinking ahead to tax time this is gonna vault me way up two tax brackets. For about 3k in winnings and another 3k in bonus.

Hardly seems fair my extra taxes will most likely be more than the 6-7k I netted.
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