How to Do Your Taxes as a Poker Player

How to Do Your Taxes as a Poker Player poker player taxes Like most good poker related questions, the answer is “it depends” If you are a citizen, all poker winnings are taxable This applies to Americans playing poker hand best They are subject to both provincial and federal taxes Are gambling winnings taxable in Canada? No According to paragraph 40 of the Income Tax Act,

poker spelregels If the taxpayer is in the trade or business of gambling, like a professional poker player, then they can deduct “ordinary and necessary