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Incorporate so I can better deduct losses from my earnings.
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how's this help? i haven't found a great tax thread here. everyone just says report it b/c you have to by law. report it how? as normal gambling income with no receipts? as
online gambling income?
i was nearly incorporated last year, but didn't go 1099 at my job.
i also think 15/30 is doable in one year's time.
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Spider,
If you get serious about your earnings, you'll want to get
this. I'm only part of the way through it but I'm formulating a strategy for next year overall that should help me save the most when it comes to taxes.
Rob