is money won from online gamble taxable in the USA?

[grease lightnin]

wouldnt it be self incriminating if online gambling is not legal in your state?

I would say ask Donker, but I am not so sure that is a good idea. lol

[Auto Donk]

Guess you're not a tax lawyer.

Per IRS.gov--


Gambling winnings

Gambling winnings are fully taxable and must be reported on Form 1040.

Gambling income includes, among other things, winnings from lotteries, raffles, horse races, poker tournaments and casinos. It includes cash winnings as well as the fair market value of prizes such as cars and trips.

Even if a W-2G is not issued, all gambling winnings must be reported as taxable income regardless of whether any portion is subject to withholding. In addition, taxpayers may be required to pay an estimated tax on the gambling winnings.

Losses may be deducted only if the taxpayer itemizes deductions and only if he or she also has gambling winnings. The losses deducted may not be more than the gambling income reported on the return.

man you are dim.....

layoff the kahk, kinecki.....

youre c u m drunk

i'll lay the sarcasm on a little thicker for you next time, dumbass

income from ANY source in the US is generally taxable.....

[jjgold]

Dumbasses in this thread don't read any of it it's all misinformation

[grease lightnin]

what are you allowed to receive, $5000 in gifts from one identity per year?

next year post your plays and say here is a free gift...Jacksonville rivermen -3

It's $14,000. That is an interesting concept, Rudy. If yu can get a notarized gift letter from the picker, pre-game. You may have something there.

[Auto Donk]

wouldnt it be self incriminating if online gambling is not legal in your state?

just override "turbo tax" and type "I PLEAD THE FIFTH" in the blank.....

[grease lightnin]

man you are dim.....

layoff the kahk, kinecki.....

youre c u m drunk

i'll lay the sarcasm on a little thicker for you next time, dumbass

income from ANY source in the US is generally taxable.....

Fukk you donk.

[rkelly110]

I'd say the interest you earned on those deposits is taxable.

Beware. With the patriot act. Any withdrawals or deposits 10k and over will be reported. Keep them at 5k and you
should be good.

[Auto Donk]

alright kenicki.... that's done.... thanks to some assistance from pornhub and Mr. KLC's dogfartesque thread about that ravaging 49er's lineman showing his bitch who's boss.....

then what?