Thread: poker taxes
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Old 10-26-2004, 05:48 PM
goofball goofball is offline
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Join Date: Oct 2003
Posts: 43
Default Re: poker taxes

the first problem that comes to mind is that you do have access to the cash when you logout. some analogies: say you are a very high limit player and instead of getting c-notes you get 5k chips, can you now make the argument that you don't have "cash" and as such that income doesn't exist? also, I have an investment account with ameritrade. I don't have immediate access to that cash/assets either. if i have cash in the accoun there's a delay between when i request it and when teh cash shows up in my bank account. if i have it in stocks there's even mroe of a delay since i have to first sell the stock.
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