I live in the U.S and am filing as a professional poker player. I am using turbo tax and I am wondering if i just need to enter my total net profit under income/sales, Or do i also need to enter in the total amount i have won and the total i have lost somewhere also (turbo tax doesnt' give me an option to enter this anywhere that i can find).
Some say one way, some say the other. If you want to do it separately, enter your gross winnings as income/sales and your gross losses as a write-in misc business expense (which TurboTax does allow).
If filing as professional use sch c winnings as income. Losses as expenses along with othee related expenses such as travel. Be able to justify being classified as professional as IRS will check. If not professional put winnings as other income and losses on sch a
