April 19, 2010 11:55 PM
Posted By Ron
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So if you are going to play Poker or go to a casino, you just may win money and it might be a lot of money. Claiming that money needs to reported to the IRS. I'm not a CPA, so get your own information, from your tax consultant.
The idea is for a Professional Poker Player to be able to deduct the cost of fees to play poker and write off cost, as if an expense in business.
"The cost of doing business"
When you treat pokeras a business the income and expense should be shown to the IRS for tax purposes. Travel, enrty fee and other expense, could be a write off.
Question is : "How Do I Get A TIN?" The above question is from the SS site.
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