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[QUOTE="zachvac, post: 1039730, member: 26306"]
Pretty sure you don't have to report losses. You only have to write them in if you want to use them as deductions. Technically if you win some then lose it all you'd have to write them as winnings and then itemize the deductions but I doubt that if you didn't then got audited that you'd owe a penalty since you didn't cheat the irs out of taxes. Personally if I lost money overall at poker I probably wouldn't file but I'd check with a tax attourney (or my mom says the irs has a number you can call and they're very helpful without looking at individual information) rather than follow my advice.

Deposits don't send up red flags at all unless you're not reporting your income you make from your job that you use to fund the deposits. Withdrawals though are another story...

Yes you were, they don't do stuff for you. I'm not even going to try to advise you on what to do here. If you pay now you'll owe interest and fees on top of the taxes, but if you don't report and get caught in a few years you'll owe that much more interest and fees. So I don't know.

The definition in tax law is "session". No one knows what a session is as it isn't defined. Some say it's the hands you play at a table while you're seated (ie you 24-table for 20 minutes, you played 24 sessions) while others say it's ok to count the entire day as a session (ie you 24-table half hour, take break, play few hours, take break, etc. all that is one session).

Either way it counts the same for income I'm pretty sure since the tax rate is marginal and the deductions are always the top.
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