Re: When are internet poker earnings taxable income?
I doubt the IRS would treat online poker any differently than live poker in this regard. And for live poker, you are supposed to be tracking your results on a session-by-session basis. So, I would say that everytime you finish a session, you have a taxable result. If it's a win, it goes in the win column, and the losses go into the loss column, just like playing in live games.
However, I doubt this issue has been litigated much, if at all, so there is no definitive answer. Plus, I'm not an expert, so if you rely upon my views, you're foolish to do so.
;-)
later, Greg Raymer (FossilMan)
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