Poker as Taxable Income - Page 3

Loci · #21 02-26-2005, 01:08 PM

Excellent use of the word Draconian, Mogh.

Loci · #22 02-26-2005, 01:11 PM

You have got to love the American catch 22s......

Loci · #23 02-26-2005, 01:14 PM

Anything above 1200 dollars in a fiscal year is taxable... and up to 600 dollars are tax deductable, for some of you newbies...

Kurn, son of Mogh · #24 02-26-2005, 03:37 PM

Not true, Technically, if you win $1, it must be reported. Whether or not it is taxable, depends on how much you make overall.

Loci · #25 02-26-2005, 03:39 PM

You are correct sir.
For some reason I feel like yelling "Kahn!!!"
Good talk.
Ez