Reply to thread

Message: [QUOTE="RogueRivered, post: 1039548, member: 45593"] Good question. I don't know how detailed you have to be, but I'm sure more detailed is better than less. I'd say that for those of you using PokerTracker or HEM, either by session or date would be sufficient. Again, I don't know for sure, so don't quote me. All I know is that no one is going to want to wade through every single hand should you be audited, so if you present reasonable proof, it will probably be accepted. If it isn't, you can always go to Tax Court. The judge really won't want to wade through it all, so he'll encourage the two sides to make a deal. When it comes to reporting stock market transactions, from my experience, you have to list every single closed position. Too bad you can't count your poker site account as an unclosed position. Maybe they'll do that someday when it's regulated. I doubt it, though. [/QUOTE]