I saw a passing reference in another post (and now I can't find it) that all winnings are taxable but that you can't deduct your buy ins to produce a net win figure. If poker is your business doesn't it make sense that buy ins, losses, travel and meals (for live poker) are all expenses connected to generating your revenue? It keeps bothering me and I wanted clarification.
So_Nitty
posted in
Gen. Poker
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