Thread: Taxes question
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Old 11-15-2005, 03:45 PM
Niediam Niediam is offline
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Join Date: Jan 2005
Location: Michigan
Posts: 823
Default Re: Taxes question

Assuming you live in the US...

You need to pay taxes on all your winning 'sessions' even if you have yet to take the money out of the poker site or neteller. You may also deduct your losing sessions if you do not take the standard deduction - but only up to amount of your winning sessions.
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