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Old 04-07-2005, 11:08 AM
madman1980 madman1980 is offline
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Join Date: Mar 2005
Posts: 10
Default The tax question - cashing out poker money in Norway

Say I want to withdraw $40k from a poker account. The money is won in cashgames, so no single win of more than 10000NOK, which means no tax IIRC. I want most of the money in my bank account. What would be the wisest way to do it?

Is cheque a good alternative? It seems to have the lowest cost in terms of fees. But I'm sceptical to walking into a local bank with a cheque like that. I imagine they will put me on some list of "suspects", and I imagine that the police will be notified too.

I guess there is the same risk with a regular bank transfer too.

Neteller cashout is both expensive (currency exchange fee) and impractical (cash..).

Does anyone have experience with this? And is there any precautions I should take?
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