[Daliman]

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I would guess that the income you have to report is just your net income from all SNGs played?

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You can't do this. You are supposed to itemize every single session. I honestly don't know how people do it with internet poker as you can play multiple short sessions in one day, thereby adding up to hundreds (or even thousands) a year.

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While mostly true, the advent of the internet and multiple daily sessions will likely mean they will take profit statements, as it is nearly impossible for the IRS to get data from internet gambling sites. Land based gambling is session by session, however.