Thread: tax deductions
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Old 12-22-07, 11:12 AM
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I believe it all would, yes. This is exactly right.

Also, everything Kurn posted is exactly right too, and really, really annoying. It's like the IRS would rather force most people to not report their gambling winnings than to report them FAIRLY and pay the taxes on their actual net winnings, without costing themseles additional money they should't owe.

Try defining an online poker "session" sometime and let me know how that works out for you. I personally think it's perfectly reasonable to sum up all your online "sessions" (multi-tabling, etc) for each day of the year and then report the total wins and total losses from those redefined "session." But I'm not an accountant either.
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