TheseNutsWin
Rock Star
Silver Level
I was wondering if this example can be considered a session. I play cash games everyday (almost) after work.. from like 7pm till 9pm sometimes a bit longer. I know the law does not really specify what a session is but i was wondering if that can be considered a session? The reason i`m asking is because it would be better for tax purposes i would rather ADD TOTALS from session winnings and then subtract session losses then consider every each hand i played.
ex. I play 500 hands.. within this session at the end total winnings would be $50 ( although if i wouldn't have counted it as a session but rather per hands it could come out to something like winnings $400 losses $350) do you see how much of a difference in taxes it is?
So Can this 2 hour/3 hour that i spend each day after work could be considered a session and just net results and claim it as a session?
ex. I play 500 hands.. within this session at the end total winnings would be $50 ( although if i wouldn't have counted it as a session but rather per hands it could come out to something like winnings $400 losses $350) do you see how much of a difference in taxes it is?
So Can this 2 hour/3 hour that i spend each day after work could be considered a session and just net results and claim it as a session?