Gains from online poker may be subject to income tax

professional poker player taxes
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In addition to the gambling losses that all gamblers can deduct, professional gamblers can also deduct business-type expenses This includes

Depending on your status as a professional gambler or amateur, the government allows you to take deductions for certain gambling business expenses and gambling

professional slot machine players As a general rule, a rate of 24% on winnings over $5,000 are usual Deductions Due to Expenses A poker professional can deduct a variety of

professional poker tournaments taxes and the “house-take” or “vig” are removed, and payoff odds are player rating Player's value to the casino, determined by time played and