Re: Tax Question : Claim Total Winnings or Cashout?
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Say for example, total profit for the year was 35,000. But say you only cash out $30,000 directly into your bank account and the remaining $5,000 remains in your bankroll on the poker site. What income are you supposed to claim come tax day?
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Both are wrong. Listen to Kurn.
As a side note, when you figure out how its supposed to work, you aren't going to be happy.
--Zetack
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