Let's talk gambling TAXES

[RudyRuetigger]

Who is a pro?

Do you actually deduct electricity/space of your house?



I deduct internet, computers, desk, keyboard [for self employment]

I might be missing out on the above though



As a caddy, you can deduct hotel, food, gas, when you go to an event to caddy

So i think im missing out on a ton of free things working from home as an independent contractor




Anyone in the know?

Anyone want to know?


Its not just for gambling....arent most self employed jobs the same in terms of taxes?? (thats not a statement, just a question)

[RudyRuetigger]

I think you might have to fill out taxes as a pro gambler for the deductions?

So maybe not many fit that

But independent contractor....surely we have a few?

[firedawg]

My buddy looped at East Lake for years


I'll ask

[pilebuck13]

Rudy I thought this thread was going to be information on how to avoid taxes

[RudyRuetigger]

My buddy looped at East Lake for years


I'll ask

you dont "have" to count those cash tips

i caddied at reynolds plantation

but i wonder if he took off food, gas, etc

[RudyRuetigger]

Rudy I thought this thread was going to be information on how to avoid taxes

thats what i hope to turn it in to

[firedawg]

you dont "have" to count those cash tips

i caddied at reynolds plantation

but i wonder if he took off food, gas, etc

He's working with a young Japanese girl now
I think on Asian tour

No clue

[RudyRuetigger]

on the road, i know for a fact those caddies took those expenses off

even players do



but at 1 place thats harder

[RudyRuetigger]

i wonder about gamblers because apart of their house needs used for their work

so i wonder what taxes they take off

what electricity

[jjgold]

lol Rudy

Professional gamblers

[BigOrange]

Rudy if you can get Beer classified as "Handicapping Fuel", you'll get a big refund every year!

[RudyRuetigger]

Rudy if you can get Beer classified as "Handicapping Fuel", you'll get a big refund every year!

i actually wondered if i could write off me golfing with people and counting beer as an expense


my tax expert friend said no but 90% of others said yes


id save a ton if i could write off beer but im not trying it

[RudyRuetigger]

actually BigO, im sure youve played in some Tennessee PGA events

Maybe your club paid for expenses so it doesnt matter, but id assume you could write off hotel, cart fees, food for that week


everyone on tour does that...i wonder if different for club pro

[BigOrange]

actually BigO, im sure youve played in some Tennessee PGA events

Maybe your club paid for expenses so it doesnt matter, but id assume you could write off hotel, cart fees, food for that week


everyone on tour does that...i wonder if different for club pro

I used to write-off every expense in State wide and mini tour events but that was in the late 80's to mid 90's. Tax code is a lot different now.

[RudyRuetigger]

I used to write-off every expense in State wide and mini tour events but that was in the late 80's to mid 90's. Tax code is a lot different now.

not out of state?

what about if you qualify/or did qualify for PGA professional championship?

[BigOrange]

not out of state?

what about if you qualify/or did qualify for PGA professional championship?

Never qualified for a major or tour event. Missed Monday qualifying by one shot two years in a row for the Memphis tournament.

Played in dozens of Mini tour events in Florida while I was a TN resident. Wrote off everything for those trips.

[RudyRuetigger]

Never qualified for a major or tour event. Missed Monday qualifying by one shot two years in a row for the Memphis tournament.

Played in dozens of Mini tour events in Florida while I was a TN resident. Wrote off everything for those trips.

i didnt mean pga championship, the pga professional championship

but ok, how about practicing up since you are back in the south for the senion pga professional championship if you are old enough



ill caddy for free as long as i can also have a clubhouse pass as well since it probably contains free beer

[BeatTheJerk]

The vig is my tax. I collect it slow & when I need it. I own nothing in my name. IRS don’t know or care who
the bleep I am.

[RudyRuetigger]

id just love to know how electricity and rent your own home space for the job is applied to taxes


i do quite a bit of work online and thats why im usually here if not on course

i actually work a shit ton even though you guys probably dont think so

[BigOrange]

i didnt mean pga championship, the pga professional championship

but ok, how about practicing up since you are back in the south for the senion pga professional championship if you are old enough



ill caddy for free as long as i can also have a clubhouse pass as well since it probably contains free beer

That's a deal. I landed a position as GM of a nice private golf and tennis club so I will get an opportunity to work on my game again.

[RudyRuetigger]

That's a deal. I landed a position as GM of a nice private golf and tennis club so I will get an opportunity to work on my game again.

actually you probably get to ride carts anyway so im screwed and no need for me