Quote:
Originally Posted by
ZenKinG
Hahahahha I got about 20 w2gs staring at me next to my TV screen combined with all the logs since day 1 for the machine plays. You want tax logs? How long have I been doing this? 8 months? And whether someone pays taxes has nothing to do with anything. I suggest you study up on some tax law. After all you're a wannabe lawyer right? You should know all about the supreme court rulings that were never overturned regarding 'income'. Study up peasant.
Hey Mr. V how's that bridge doing man?
What "bridge?"
As for taxes viz. income ... I wasn't a tax attorney but I did my own taxes every year til about four or so years ago, then I got a CPA to do it.
I DO know that if in fact you won more than you lost you would report the gambling winnings as misc. income on your 1040, and subtract your losses as an itemized deduction on Schedule A...at least back when I did my own taxes, that's how I reported it and the IRS never questioned nor audited my returns.
Then again, I have heard tales of gamblers claiming to be professional gamblers and filing as such, necessitating Schedule C: obviously I never did that as I play for fun, for the stimulation of it; my having worked hard for years at a good job, keeping my nose clean and saving / investing wisely has given me the ability to do so, and as I am disciplined and don't go on tilt I rarely get hosed , but it does happen.
Hello, variance.
You claim to have been a winner for years, so presumably you filed the appropriate returns and they should be available for review, albeit they'd only reflect your claimed wins / overall profit from card counting.
Although I am a recreational player I have paid taxes on gambling winnings in excess of losses for the past couple years, so yeah, luck happens.
Sorry sport, but you smarmy attitude, your need to be seen as the GOAT completely shoots your credibility to hell.
Perhaps were you less of a "Look at me, look at me" kind of fellow I might take you seriously, but that simply isn't the case: as they say "You're a legend in your own mind."
Now, get off my lawn...