I appreciate the prompt responses. The advice is also appreciated.
Quote:
Originally Posted by PokerXanadu
You don't have to intend poker to be your main income in future years for you to file as a professional for 2009. Did you play to support yourself? If so, you were a pro for the year.
I used money I had won in tournaments to pay for rent, utilities, car payments etc. Yes I used it to support myself. I still am under the impression to not file as a professional. Even if by that classification, I was a "pro". Ha.
Quote:
Originally Posted by Punker
Final tips - make sure you file your foreign bank account report for your FTP account, even retroactively. The main thing I've always found in dealing with IRS is that they appreciate you making the effort to do it right. If you screw up details here and there, but you are acting in good faith, you'll come out much better off if you do make a mistake.
Quote:
Originally Posted by DrMickHead
Like Punker said you're going to need to claim your FTP account as an foreign bank account.
As I am not trying to commit fraud, I appreciate this information. As painful as it is to have already taxed dollars taxed again, the law is the law. I'll be paying up.
However, not all things which are illegal are bad.
Quote:
Originally Posted by DrMickHead
I have no idea if you should file as pro or not.
And neither do I.
Thanks again for the help. I was even able to download a hacked version of the full Microsoft Suite. Making giant leaps here.