Am I right to expect a lot more folks attempting to file as poker pros in the 2018 tax year? A sole proprietor will get a 20% deduction on his/her pass through income. US based players will be much better off winning WSOP main as a "pro" in 2018 than as an amateur
It's hard to say until tax reform is finalized. Lot of restrictions on qualifying for pass-through treatment, and caps on amounts that qualify for lower rate.
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There's also the issue of wages v. profit. Have to allocate certain % to wages, which are subject to higher individual rates and payroll tax.
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As a sole proprietor wouldn't it be all profit?
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