How to prove wins/losses for taxes? - Business, Finances and Investing Forum

How to prove wins/losses for taxes?

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05-30-2023 , 03:48 AM

IntheFold

adept

Join Date: Dec 2022 Posts: 990

How do poker players do this? Is your own record keeping used? Unsure how you'd get receipts for this

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05-30-2023 , 04:35 PM

pokerfan655

old hand

Join Date: Jun 2012 Posts: 1,386

Who cares - you only have to prove it if you get audited - audit rates are insanely low.

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05-31-2023 , 05:54 AM

IntheFold

adept

Join Date: Dec 2022 Posts: 990

Yeah but I wanna invest a lot in stocks till I'm like sixty. You think they still won't check ?

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06-05-2023 , 03:26 AM

DumbosTrunk

Verified Coach PLO5

Join Date: Apr 2017 Posts: 7,327

Keep detailed records of your sessions. I use an app called poker income.

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