Dunbar's Tax Analyzer: This Excel spreadsheet may help you decide whether to declare your 1998 gambling winnings as a business or as "other income". It requires Excel 5.0 or later, but you do not need to know anything about Excel to use this software.

The program has 2 features:

Feature 1. You can get a quick answer to whether declaring your gambling winnings as a business will result in less taxes than declaring your winnings as "other income". After inputting a minimum of information, you will get either a YES or MAYBE NOT answer. If the answer is "MAYBE NOT", you will have to use the 2nd feature to resolve the question.

Feature 2. You can get the exact tax cost of declaring your winnings as a business and the exact tax cost of declaring as "other income". However, to use this feature you will need to know your pre-gambling "taxable income" (In the current version, 1.0, this feature is limited to those whose non-gambling "Adjusted Gross Income" plus their gambling gross win (before losses and expenses) is less than $124,500. ($62,250 if married filing separately)