Re: KaneKungFu123\'s site
 

Kane-

I noticed you were planning on taking the 80k FEI exemption. How do you get around getting gambling winnings exempted as foreign earned income?

I may be moving overseas as well if there is a legal way to do this.

Thanks.

Re: KaneKungFu123\'s site
 

assuming hes going to declare professional status

Re: KaneKungFu123\'s site
 

[ QUOTE ]
assuming hes going to declare professional status

[/ QUOTE ]

Yeah, even as a professional, it still is gambling income. I haven't been able to get a clear answer from anyone about how this will fly with the IRS, and my assumption is that it wouldn't go over well, but I'm hoping Kane knows something I don't.

Re: KaneKungFu123\'s site
 

[ QUOTE ]
Yeah and I almost bought some poker books the other day but they cost $20 and that is just not worth it...

[/ QUOTE ]

No. They actually charge a $50 "Signup Fee" along with the $20 normal charge. I'm not paying $70 dollars to watch a bunch of guys kill high stakes cash games.

Re: KaneKungFu123\'s site
 

$50 signup fee? Jesus

Ok I take back what I said then. Sorry.

Re: KaneKungFu123\'s site
 

That doesn't seem like that much to me.

Re: KaneKungFu123\'s site
 

my sarcasm meter went off when sponger apologized, maybe its just me though

Re: KaneKungFu123\'s site
 

[ QUOTE ]
$50 signup fee? Jesus

Ok I take back what I said then. Sorry.

[/ QUOTE ]

$70 for some videos is way too much for me. That was my point. This also means my point was that it isn't too much for other people. Shut up immediately.

Re: KaneKungFu123\'s site
 

[ QUOTE ]
[ QUOTE ]
Yeah and I almost bought some poker books the other day but they cost $20 and that is just not worth it...

[/ QUOTE ]

No. They actually charge a $50 "Signup Fee" along with the $20 normal charge. I'm not paying $70 dollars to watch a bunch of guys kill high stakes cash games.

[/ QUOTE ]

I only saw 5/10 listed?

Re: KaneKungFu123\'s site
 

[ QUOTE ]
[ QUOTE ]
assuming hes going to declare professional status

[/ QUOTE ]

Yeah, even as a professional, it still is gambling income. I haven't been able to get a clear answer from anyone about how this will fly with the IRS, and my assumption is that it wouldn't go over well, but I'm hoping Kane knows something I don't.

[/ QUOTE ]

There is no clear answer,

http://forumserver.twoplustwo.com/sh...v=#Post3373492