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View Poll Results: How do you decide how many tables to play? | |||
As many as I feel comfortable playing | 57 | 73.08% | |
Based on some sort of hard data (win rates, etc.) | 3 | 3.85% | |
As many as I can fit on my screen | 18 | 23.08% | |
Other | 0 | 0% | |
Voters: 78. You may not vote on this poll |
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#1
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Re: File your Poker Winnings?
I think the main reason to report your net losses for the year is that you can carry gambling losses forward to future years. I think they expire in a few years and there may be a limit to the amount of prior-year losses you can use in one year, but if you have a good year this year, you would be able to offset some of the upside with losses from prior years. However, you can only use prior year losses if you reported them. If you don't report them, they go up in smoke.
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#2
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Re: File your Poker Winnings?
"net losses for the year is that you can carry gambling losses forward to future years."
Unless this is a special exemption for players who qualify to file as professionals (i.e. self-employed), I'm 99% certain that you CANNOT carry forward gambling losses. I'm 100% certain that most people as recreational gamblers cannot- these are not business losses. |
#3
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Re: File your Poker Winnings?
You CANNOT carry-forward losses.
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