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Old 12-15-2005, 10:16 PM
Russ Fox Russ Fox is offline
Junior Member
 
Join Date: Jun 2004
Posts: 11
Default 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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