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Old 10-01-2005, 04:43 PM
FatalError FatalError is offline
Senior Member
 
Join Date: Mar 2005
Location: Boston, MA
Posts: 139
Default Is rakeback taxable?

For the standard tax reporting professional, is your rakeback considered a "gift" and therefore not taxable as income? what about deposit bonuses?

These add up to signifigant (tens of thousands of dollars) amounts of money at years and and not having to declare them would be a godsend
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