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#11
05-21-2004, 05:21 PM
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Re: For Massachusetts Poker Players
[ QUOTE ]
I was studying the Mass. state tax instructions. They specifically deny the deduction of gambling losses that you can deduct on Schedule A (Federal). Do you have to designate yourself as a gambling pro in order to deduct any of your losing sessions in Massachusetts? [/ QUOTE ] Massachusetts? Tax laws never make sense under socialist governments. Get rid of Kennedy or move to a "free market" state. 
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#12
05-21-2004, 05:32 PM
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Re: For Massachusetts Poker Players
[ QUOTE ]
[ QUOTE ] I was studying the Mass. state tax instructions. They specifically deny the deduction of gambling losses that you can deduct on Schedule A (Federal). Do you have to designate yourself as a gambling pro in order to deduct any of your losing sessions in Massachusetts? [/ QUOTE ] Massachusetts? Tax laws never make sense under socialist governments. Get rid of Kennedy or move to a "free market" state. [/ QUOTE ] YeeHaw!
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#14
05-21-2004, 06:09 PM
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Re: For Massachusetts Poker Players
[ QUOTE ]
If you a single, full time online pro, you could move to Wyoming. They have no state income tax. I think there are a few other states with no state income tax, too. [/ QUOTE ] Doesn't Alaska essentially pay you to live there? Establish residency there and then just live on the road. Follow the fishes - just go, man!
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#15
05-21-2004, 06:19 PM
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Re: For Massachusetts Poker Players
It is now May 21. I have not kept any records of sessions. I just play. I am up $4200 for the year profit. I have made many deposits. But I always cash-out frequently. Anyways what do I do for this years taxes? last year was pretty much a wash for me, so i didnt even claim it on my taxes. i plan on claiming this year. help me, im a tax idiot.
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