Re: Since internet poker is illegal, can\'t you just report your income
First of all, it's not illegal. Even if it were, the IRS technically doesn't have a right to report you for illegal gambling activity.
There's an IRS publication that says you should record gambling income on a per session basis. Total winnings are recorded as other income, losses are an itemized deduction. Sorry, but I don't know of anything that describes how to report your drug dealing money.
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