Re: Paying taxes on Poker Winnings...
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Ed, if you're reading, how do you handle the lack of precedent with regard to paying taxes on online poker winnings? For example, how do you define a 'session'? Do PokerTracker records suffice as a way to substantiate your wins and losses?
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I'm sorry, but I'm not really qualified to postulate about this matter.. it's a question for a tax attorney. Having said that, I think Poker Tracker is, no doubt, an invaluable resource for record keeping.
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Also, is there an accountant or tax attorney in the las vegas area that you would recommend?
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I have a CPA, but I've been with him only six months, and I don't really feel comfortable recommending him yet. I haven't seen any problems, but he hasn't done a tax return for me yet.
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