Online Poker Taxes FAQ
I started playing online in late May. I'm about a break-even player/small winner. However, I saw this link yesterday and I'm frightened to death that even as a small-time poker player (playing .5/1 and 10+1 SNGs), that if play enough (note not WIN enough, but PLAY enough), that with the way the laws are right now, I could lose the ability to contribute to my Roth IRA and/or lose my mortgage interest deduction even if I break even on my online poker. Can someone with much more experience enlighten me on this? Thank you.