Code for filing taxes as a Professional gambler?

[barnstorm]

Never mind.

[sweethook]

there is no code , just file

[Hu$tle]

its called shhhhhhhhh

[daneblazer]

No officer

[Goat Milk]

You serious?

[jjgold]

Lol

[Sam Odom]

Schedule C

[barnstorm]

Schedule C

Thanks. But they ask for a code for type of business. There is a long list, but no sure what is appropriate. Guess not much filing being done by the sounds of it.

[Sam Odom]

OK... dont laugh

999999

[MickeyMan]

If you file your taxes with moderator JJgold he will take care of everything.

Hes helped me with my taxes the last three years.

[daneblazer]

Thanks. But they ask for a code for type of business. There is a long list, but no sure what is appropriate. Guess not much filing being done by the sounds of it.

You actually gamble or play poker?

[barnstorm]

If you file your taxes with moderator JJgold he will take care of everything.
Hes helped me with my taxes the last three years.

Thanks, but he didn't seem to helpful. He just got a good laugh out of it.

[barnstorm]

OK... dont laugh
999999

That's some sort of catch-all code, right? I hear that may raise some flags. But thanks, I'll look into that, if it's the only one to use.

[barnstorm]

You actually gamble or play poker?

Sports Arbitrage.

[Mr. Teaser]

That's some sort of catch-all code, right? I hear that may raise some flags. But thanks, I'll look into that, if it's the only one to use.

I was told by my tax person the same thing....it raises red flags.

[manny24]

Barney claim the keno losses but whatever you got back shooting dice in the alley is yours to keep skin

[barnstorm]

From TurboTax:

It is a new requirement for electronic filing this year to enter an actual business code that matches your business activity. Entering business code as 9s (nines) will prevent your return from electronic filing. Unless you enter the business code that matches your business activity (and it can be as closely as possible if no accurate code is found), you will have to print and mail your tax return.

[barnstorm]

Maybe:

423910 - Sporting & Recreational Goods & Supplies

423930 - Recyclable Materials! Ha! That sounds about right for gambling.


This is really for Casinos and the like, but may be the closest we get:

713200

Gambling industries

Or:

711210

Spectator sports (including professional sports clubs & racetrack operations)

Or:

523900

Other financial investment activities

[Sam Odom]

From TurboTax:

It is a new requirement for electronic filing this year to enter an actual business code that matches your business activity. Entering business code as 9s (nines) will prevent your return from electronic filing. Unless you enter the business code that matches your business activity (and it can be as closely as possible if no accurate code is found), you will have to print and mail your tax return.

[Sam Odom]

(and it can be as closely as possible if no accurate code is found)

[gauchojake]

Consultant

[TheMoneyShot]

Never knew anyone would want to be blatantly honest about offshore activity?


Make sure you tell the IRS what you sold on Ebay earlier this year too.

[funnyb25]

[Boner_18]

[QUOTE=TheMoneyShot;26683954]Never knew anyone would want to be blatantly honest about offshore activity?

I know of some drug dealers who are honest about the source of their revenue on their taxes.