Anyone on this site playing for a living?

#1 25th June 2012, 6:14 PM

The reason I ask is I am curious about something. I know in the United States you can label your career as a recreational player (AKA Poker), and pay your taxes and do this as your profession. My question is this to those who do this.. how does that work when you want to buy a house or a car? When you go to buy a house or a car they ask for pay stubs, etc... How do you provide that? Do you keep records on a sheet or paper? Just show bank statements. And do banks except this even though your income in going to be different every year?

#2 25th June 2012, 9:42 PM

You should go to your bank and ask them. Also Mortgage brokers can assist you with your inquirey....

#3 25th June 2012, 11:53 PM

Quote:

Originally Posted by jlabruno

The reason I ask is I am curious about something. I know in the United States you can label your career as a recreational player (AKA Poker), and pay your taxes and do this as your profession. My question is this to those who do this.. how does that work when you want to buy a house or a car? When you go to buy a house or a car they ask for pay stubs, etc... How do you provide that? Do you keep records on a sheet or paper? Just show bank statements. And do banks except this even though your income in going to be different every year?

I don't play for a living but I would assume it to be quite a simple process.
You have to claim them, therefore you should have all records with the tax man and seeing that it's your personal financial data, getting a copy should be real simple if wanting to show for house or car purchases.
As long as it's proven you have a sustainable income coming from poker then house/car purchases should be easy IMO.

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