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Old 11-29-2005, 01:37 PM
gisb0rne gisb0rne is offline
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Join Date: May 2005
Posts: 62
Default Re: Solo 401(k)\'s to defer gambling income?

Don't you have to declare (and prove) yourself to be a professional gambler in order to qualify? Or can you have a regular job and just sock your gambling winnings away in this? Also, isn't there significant tax cost to being a professional gambler in the sense that you have to pay Social Security or equivalent on your earnings?
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