Re: Online Poker Taxes
[ QUOTE ]
Here's another question. Assuming I use the deposit/withdrawal method for reporting. Can I claim my previous year's deposits as losses? I started playing online last year and made a few deposits. I've not made any deposits this year and I'm ready to start making withdrawals.
[/ QUOTE ]
I don't get what you mean by the "deposit/withdrawal method." Is this something that is sanctioned somewhere? Something you inferred was OK from a post here?
To me, making a deposit into an online site is in no way a loss. You're simply transferring money from one of your accounts into another. Counting a deposit as a loss makes it far too easy for someone to shift tax liability from one year to the next, and I'd be surprised if the IRS would approve anything of the sort.
|