Quote:
Originally Posted by Black Aces 518
Another big benefit to running it in December vs. January is tax purposes. Anyone who is up for the year basically gets a 20-38% discount on the buyin since they can write it off if they lose.
That is only true if one is registered, or whatever the term is called, as a professional gambler as an occupation. The casual or non-professional gambler gets no such write-offs. Not sure what % of the field is filing taxes as a professional gambler as occupation.