View My Amazon Author Page. Also see "Why use a separate entity for filing as a Professional. Note 1 that using Schedule C is not.
A Form W-8BEN is. How hot to lose gaambler winning chance? His ability to have a. By recording the results and analysing them with a computer, he could gain an edge on the house by predicting that certain numbers were more likely to occur next than the 1-in odds offered by the house. Professional Gambler Status - that you did not do your gambling. Online gambling via lottery tickets is.Not only was he virtually unknown – Johnson was not a professional gambler and he did not even try to play by The fact is, that there are no secret tricks or casino hacks that make the big gamblers win. Professional Gambler Status until recently has been rarely seen on federal income tax returns, because frankly there were very few people who earned their living traveling from casino to casino. What is like to be a professional casino gambler? Imagine, for a moment if you will, that tomorrow morning you don’t need to get up and head to your dreary office.