Re: Taxes question on investing with poker money
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Since I make under 10k a year in poker, I haven't really filed for taxes. Probably another topic in it's self. However If I wanted to invest some of this money...how would that work. I would have to pay taxes on my investments but would the IRS wonder how I got that money to invest in the first place...
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If you get audited, you'll get [censored]. Simple as that really. Why not just file it? You'll pay a minimal percentage on 10k, especially if you don't have any other source of income(which it sounds like).
-James
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I can think of a very good reason not to file: thats 1500$ you're paying at least. I dont think its worth 1500$ for the very slight chance the IRS audits you (which I think is 1 in 200 at least)
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