Now, if said taxpayer declares himself as a "poker professional", one could probably with a tax professional's help make the argument that their poker playing is a "trade or business with material participation" for the sake of it qualifing as "earned". If this were the case, said taxpayer would report their income on Schedule C, rather than as wages on Form 1040.
Ice I want to agree with you saying that it's "foreign source". If I had to venture to guess based on the information I've been provided here, I would say that if the taxpayer in question satisfies the other requirements related to domicile on Form 2555 and is a poker professional, they would probably be able to claim the exclusion, although the code is silent on online poker revenue at this point.Statistics: Posted by Runner_Runner — Sun Feb 19, 2006 10:49 pm
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