Bovada and Taxes?

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Posted by posted in Mid Stakes

Bovada and Taxes?

Hi everyone,

I wasn't sure where to post this, so I'll take a stab here. I just started to make online poker my full-time job, and I am become rather successful at it. I have a few concerns though, as to how this will work when I report taxes at the end of the year for 2017.

Right now I am tracking all my tournaments and cash games, with what I have lost/won/profit/net/etc... How will this work with taxes, and what do I need to report? I live in the US, so Bovada is really the only site that I can play on (aside from Carbon and a few others).

Any help is appreciated!

Thanks,

James

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