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Old 08-06-2005, 11:45 PM
broiler broiler is offline
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Join Date: Oct 2004
Posts: 47
Default Re: Poker winnings are earned income -- cardplayer article

A professional filing for any business on Schedule C is considered to have earned income. The gambling as a source makes no difference here.

The previous discussion was in relation to gambling income and the foreign earned income exclusion. Gambling income is specifically listed as unearned income for that purpose only. There was never any question that a Schedule C gambler would qualify for all of the other benefits (retirement contributions, etc.) that any other business has access to.
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