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#1
10-29-2005, 05:24 PM
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Re: KaneKungFu123\'s site
Kane-
I noticed you were planning on taking the 80k FEI exemption. How do you get around getting gambling winnings exempted as foreign earned income? I may be moving overseas as well if there is a legal way to do this. Thanks. 
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#3
10-29-2005, 05:59 PM
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Re: KaneKungFu123\'s site
[ QUOTE ]
assuming hes going to declare professional status [/ QUOTE ] Yeah, even as a professional, it still is gambling income. I haven't been able to get a clear answer from anyone about how this will fly with the IRS, and my assumption is that it wouldn't go over well, but I'm hoping Kane knows something I don't.
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#4
10-30-2005, 01:01 AM
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Re: KaneKungFu123\'s site
[ QUOTE ]
[ QUOTE ] assuming hes going to declare professional status [/ QUOTE ] Yeah, even as a professional, it still is gambling income. I haven't been able to get a clear answer from anyone about how this will fly with the IRS, and my assumption is that it wouldn't go over well, but I'm hoping Kane knows something I don't. [/ QUOTE ] There is no clear answer, http://forumserver.twoplustwo.com/sh...v=#Post3373492
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