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Old 10-11-2005, 03:09 PM
Ed Miller Ed Miller is offline
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Join Date: Sep 2002
Location: Writing \"Small Stakes Hold \'Em\"
Posts: 4,548
Default Re: Taxes question on investing with poker money

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Ed, that's very good advice. One problem, though, is that you can only contribute up to your earned income to a Roth IRA. Fish won't have any earned income, unless he has a summer job or something, so he can't contribute to the IRA.

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He can Schedule C his poker.
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