Thread: Taxes.
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Old 07-28-2005, 09:49 AM
BottlesOf BottlesOf is offline
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Join Date: Jun 2003
Posts: 863
Default Re: Taxes.
Yes. The US govt taxes profits from gambling winnings, based on the winnings you report in your return. Avoid being taxed? Sure, just don't report the income. Enjoy an audit if and when one comes.
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