Thread: tax question
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Old 12-14-2005, 06:33 PM
4_2_it 4_2_it is offline
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Default Re: tax question

It has nothing to do with hours per week. There are many threads on this topic already in the Internet Gambling Forum.

I believe that gambling needs to be your sole (or main) source of income in order for you to qualify as a professional. When the IRS begins its crackdown on poker players (it is a matter of when, not if) it will most likely first audit the tax returns of those who file as professionals. I'm guessing a good percentage will not qualify and will work out a payment plan.
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