#18
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Re: Tax Question : Claim Total Winnings or Cashout?
[ QUOTE ]
It's a rediculous hassle, especially in light of the fact that I'm only going to be charged based on the net amount. [/ QUOTE ] But you're not taxed based solely on net amount (at least in the US). [img]/images/graemlins/confused.gif[/img] Your winning sessions are income, and you claim your losing sessions as deductions up to the amount of your winnings. This is not the same thing as simply reporting "I won $X playing poker." |
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