1. 05-21-12 04:57 PM #1
    jmp
    jmp's Avatar Become A Pro!
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    US Residents: What are the tax laws for money earned through offshore gambling?

    I'm new here and I figured I come directly to those who might do this for a living.
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  2. 05-21-12 05:05 PM #2
    seaborneq
    It's time to collect
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    Keep your mouth closed and volunteer no information. That's it. pretty simple.
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  3. 05-21-12 05:06 PM #3
    SBR_John
    Wisky
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    Justin could answer this the best.

    Net gambling winnings are taxed as ordinary income for non professional gamblers. If you qualify as a professional you are able to write off expenses related to gambling such as publications, lines services, ect.
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  4. 05-21-12 05:11 PM #4
    Monitor-Tan
    Tony Romo of Daily Fantasy
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    Everything you receive is pretty much considered income unless specified.
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