Tantalar 0 Posted April 24, 2009 Share Posted April 24, 2009 Lets just say hypothetically I make $30k this year from poker and rakeback combined... I need to figure out how to handle this legally so the IRS does not kill me. Anyone living in CT ever won anything more than $10k in poker winnings and paid the taxes on it?For the last few months poker has been my only source of income. I am a professional poker player technically. Should I try to get all of my tax stuff set up and file as a professional poker player? I dont want to mess up lol Link to post Share on other sites
051103 0 Posted April 24, 2009 Share Posted April 24, 2009 Talk to a professional CPA in CT. Hypothetically speaking Link to post Share on other sites
colonel Feathers 5 Posted April 24, 2009 Share Posted April 24, 2009 If you file as an online pro, than shouldnt touy computer, access fees to the internet, rake and such be deductible? Link to post Share on other sites
Tantalar 0 Posted April 24, 2009 Author Share Posted April 24, 2009 no clue. that would be awesome though Link to post Share on other sites
FARGOpokerND 22 Posted April 25, 2009 Share Posted April 25, 2009 Did you give up professional pottery? Link to post Share on other sites
Tantalar 0 Posted April 25, 2009 Author Share Posted April 25, 2009 Of course not. Why do you ask? Do you want something made? Link to post Share on other sites
r0llin_game 1 Posted April 25, 2009 Share Posted April 25, 2009 Of course not. Why do you ask? Do you want something made?lmao. weren't taxes due a few days ago? Link to post Share on other sites
StrippersNBlow 0 Posted April 25, 2009 Share Posted April 25, 2009 Of course not. Why do you ask? Do you want something made?Yeah, most people on FCP have 10K they want to hide, and we decided the best thing to bury it in would be pottery. Link to post Share on other sites
checkymcfold 0 Posted April 25, 2009 Share Posted April 25, 2009 turbo tax actually made things pretty easy for me this year, and was a lot cheaper than an accountant. i will edit this after i get audited and commit suicide. Link to post Share on other sites
antistuff 0 Posted April 25, 2009 Share Posted April 25, 2009 you only have to declare money you actually win. since you play like a nit and only make money from rakeback you should be safe. Link to post Share on other sites
Tantalar 0 Posted April 25, 2009 Author Share Posted April 25, 2009 shitloads of rakeback btw how do I even claim rakeback!? Its not really poker winnings is it? I mean it sort of is... but is it legal even? I dont know...Blah Link to post Share on other sites
looshle 6 Posted April 25, 2009 Share Posted April 25, 2009 CT taxes you are required to pay on any winning sessions/ tourneys seperately and aren't allowed to deduct losing sessions/bricked tourneys so yeah gl with that. Link to post Share on other sites
antistuff 0 Posted April 25, 2009 Share Posted April 25, 2009 shitloads of rakeback btw how do I even claim rakeback!? Its not really poker winnings is it? I mean it sort of is... but is it legal even? I dont know...Blahdo i make fun of you so much you don't even notice it anymore? rakeback is income.go to a cpa if you make anything significant this year. it stings but its really not something you want to play around with. if you wanna file as a pro gambler i think that russ fox guy in vegas can help. ive heard thats he accessible, not too expensive, and will help people out of state.or is that his name? i dunno.... Link to post Share on other sites
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now