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#1
12-14-2005, 06:00 AM
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Re: The Tax Man Cometh
To file as a pro dont you have to have won in 3 of the last 5 years?
The problem regarding a session is its the IRS's (or atleast tax court) opinion that really matters.Even if they had defined a session in the past, the world of online poker would have changed that definition anyway. 
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#2
12-14-2005, 07:10 AM
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Re: The Tax Man Cometh
[ QUOTE ]
To file as a pro dont you have to have won in 3 of the last 5 years? [/ QUOTE ] I have read similiar statements time and time again but never once has anybody cited an official souce... Can any verify or deny this for a fact?
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#3
12-14-2005, 07:54 AM
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Re: The Tax Man Cometh
[ QUOTE ]
To file as a pro dont you have to have won in 3 of the last 5 years? [/ QUOTE ] This is only necessary if you are going to be reporting a net loss this year. Basically, the IRS doesn't want to let people report a gambling loss unless they can prove that they're professionals.
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