Accounting for Professional Gambler

Hello, TravisSD.

While we're unable to recommend how you input your winning and losing sessions in QuickBooks Self-Employed Tax Bundle, I'd suggest working with your tax adviser for an accurate recording.

Here's how to enter a transaction:

1. Click Transactions in the left panel and tap Add transaction.
2. Enter a description, amount, and date.
3. Select a category.
4. Hit Save.

You can take a look at the following article. This will provide you lists of categories to help guide you in tagging or categorizing your transactions as well as organizing them accurately in QuickBooks: Updates to expense categories in QuickBooks Self-Employed.

Additionally, you can visit the following write-up regarding how Schedule C categories show up on your financial reports: Schedule C and expense categories in QuickBooks Self-Employed.

Keep in touch if you need additional assistance with this or there's something else I can do for you. I've got your back. Have a good day and keep safe.

Hi Rose,

Thanks a lot for that information! I know now that at the very least QBSE will do a great job of tracking my expenses. I currently don't have a tax advisor to help setup my account and make sure everything would be going in it's correct place. Does QB offer service where I could pay a tax specialist to help me setup my account properly or would I need to just find a regular tax specialist somewhere?

Thanks a lot!

Travis

I can help you find a specialist, Travis.

You can search ProAdvisors who have been tested and certified by Intuit on a range of QuickBooks products. They're independent accounting professionals that can assist you with bookkeeping and taxes.

You can find one through this link: https://quickbooks.intuit.com/find-an-accountant/. Just type in your address and click on the Search button. Then, click the Message icon to connect with them.

I also encourage reading this article to learn the basics of QBSE: QuickBooks Self-Employed Overview.

Feel welcome to leave a comment below if you have other concerns or follow-up questions. I'll always have your back.