Front Page of the Jacksonville Paper Yesterday

[Talking Poker]

The more you write, the less I think you have any understanding of poker and taxes.

1. You don't pay taxes on "pots," and certainly not on the gross amount of money in each pot. You pay on the totals from all of your winning and losing "sessions." I mean, how would people even track it the other way? Do you think there is a Bellagio employee sitting at every high stakes table handing out 1099s for each and every pot played all night? LOL...

2. Poker is not the same as horse racing, so I have no idea why you are comparing the two.

3. If, somehow, you played just ONE POT for the entire year and then quit, as described above, you didn't win $14,000 - or $7000. You broke even (I'm not couting any blinds that may have been in the hand, because you didn't mention any). So, you would claim $0 on your taxes.

You haven't really been claiming the GROSS amount from every single POT you have ever won, have you??? I mean, that would be millions and millions of dollars, even for a medium stakes player. That's ridiculous.


I STRONGLY suggest you do a little bit of research on poker and taxes. We've had some good threads on the topic in this forum in the past, but I'm sure there are countless other threads/articles on the subject elsewhere on the net as well. At a bare minimum, please call an accountant and have a 5 minute conversation with them on the BASICS of how to claim poker/gambling related winnings.