Thanks again Opus 17.
What you are saying makes sense.
Reporting this as a business is up to interpretation. I do this all you long with the intent to win prize money in other tournaments and the National Championship. (think of as you would the World Series of Poker)
I'm retired with a small schedule C consulting business on the side. Using this as another business is again up to IRS interpretation. Not sure if it makes sense to try it as Schedule C.
