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Old 09-07-2005, 06:06 PM
Michael Davis Michael Davis is offline
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Join Date: Sep 2002
Location: Santa Monica, CA
Posts: 613
Default Re: need advice from college students

"so he just kept his monye in poker websites and didn't report it? is this legal? i dont want to get in ttrouble with the IRS"

It's not legal not to report it but they can't find out, especially if you keep it in the pokersites. Just report in when you're out of school. Pull it out gradually over 2-3 years if you think it looks fishy, but unless it's over 200kish it's not gonna be a problem. I'm just guessing here.

-Michael
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