Re: pokertracker and taxes
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I have yet to hear of someone getting in trouble for not filing as a professional and not reporting session by session. I just report net income as other income and leave it at that. I cannot imagine jsomeone getting in trouble for doing it this way, especially when all your transfer recoreds reflect the amount of income you made.
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This is a serious mistake. Being A CDN who knows US tax law very well you pay a higher tax rate on other income( commonly known on the form as unearned income) than you do if declaring as a main source of income. I do believe Billy Baxterbattled the IRs on this and won about 15 years ago.
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