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Old 08-25-2005, 03:46 PM
Lost Wages Lost Wages is offline
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Join Date: Sep 2002
Location: Houston, Texas
Posts: 981
Default Re: pokertracker and taxes

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I have yet to hear of someone getting in trouble for not filing as a professional and not reporting session by session.

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You don't actually report session by session, just your total wins and total losses. The IRS requires you to keep a session log as a record but you don't send it in. If you are audited you can most definitely be fined for inadequate record keeping and you risk having your deductions (losses) disallowed.

Lost Wages
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