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Online Poker Losses - Deduct from Live Winnings? Online Poker Losses - Deduct from Live Winnings?
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03-20-2012 , 09:56 AM
#1
RomeWashington
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centurion
Join Date: Oct 2011 Posts: 146
I have no idea which forum to ask this in, so I apologize if its in the wrong forum.

If you win a certain amount of money in the casino you need to declare it as income for your taxes. However say you have lost money online (or even in the casino though there is no tangible proof). Can this be used to offset any reported winnings?

Appreciate the info everyone!
Online Poker Losses - Deduct from Live Winnings? Quote
03-20-2012 , 12:20 PM
#2
obviously.bogus's Avatar
obviously.bogus
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Pooh-Bah
Join Date: Aug 2009 Posts: 4,905
Assuming you are in the US ...

http://forumserver.twoplustwo.com/57...ts-faq-740589/

And generally, check out threads in the forum ...

http://forumserver.twoplustwo.com/57/poker-legislation/

If your question isn't already answered, thats probably the best place for it.
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