[juris]

[ QUOTE ]
"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

[/ QUOTE ]

Honestly and with respect to a long time poster, this is honestly the worst advice possible for this situation.

It's taxable now. There are things that could be done, but they're illegal and I'm not going to recommend those options. Anyone telling you to defer or they won't find out is just not giving good advice.