Originally Posted by
playersonly69
The US guys at least can and WILL offset some of their winnings with losses over the year in tournaments and live action.
THey do have to have some pretty good documentation.
I won over $220,000 on year in poker and I was able to offset some of those winnings. But i had a ton of paperwork and I did get audited that year of course, but the auditor didnt really want to go through all of the deductions. He saw that I wasnt asking for over 50% deduction and said fine when he saw that I had receipts