Do you need to pay taxes on money won playing online poker?
February 27, 2009 · Filed Under United States · 8 Comments
Joe Bonarman asked:
I recently won $3000 on a poker site, not based in the United States. Will I need to claim this on my taxes at the end of the year?
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I recently won $3000 on a poker site, not based in the United States. Will I need to claim this on my taxes at the end of the year?
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How do taxes work for winnings from online poker/gambling sites based outside the US?
February 24, 2009 · Filed Under United States · 5 Comments
beatzscientifik asked:
If you win $50,000+ from an online poker/gambling site based outside the US, is there any way to cash out the money without having to pay taxes? If not, can someone explain how taxes would work?
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If you win $50,000+ from an online poker/gambling site based outside the US, is there any way to cash out the money without having to pay taxes? If not, can someone explain how taxes would work?
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What are the tax implications of winning online poker?
January 17, 2009 · Filed Under United States · 3 Comments
DBADiver asked:
If I were to win say, $100,000 playing online poker, I know the government wants to tax me on that. What happens if I don’t withdraw the money from my account? Do I pay taxes on it? What if I withraw just a little bit at a time over several years, do I have to report it?
I am in the U.S (Virginia), by the way.
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If I were to win say, $100,000 playing online poker, I know the government wants to tax me on that. What happens if I don’t withdraw the money from my account? Do I pay taxes on it? What if I withraw just a little bit at a time over several years, do I have to report it?
I am in the U.S (Virginia), by the way.
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