Re: Clarifications about Tax
I strongly suggest you talk to a professional tax preparer who can starighten out your errors, including:
(1) You must pay taxes on all of your income; if you earn $10 playing poker, you must include that $10 in your income.
(2) Net winnings aren't as important as your gross wins and your gross losses--unless you're a professional you can't itemize;
(4) You must pay taxes even if you're underage (or have earned income illegally)....
In any case, talk to a professional.
-- Russ Fox (EA)
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