1. #36
    grease lightnin
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    Quote Originally Posted by triplecrown333 View Post
    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

  2. #37
    Auto Donk
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    Quote Originally Posted by grease lightnin View Post
    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.....

  3. #38
    jjgold
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    Dumbasses in this thread don't read any of it it's all misinformation

  4. #39
    grease lightnin
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    Quote Originally Posted by RudyRuetigger View Post
    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.

  5. #40
    Auto Donk
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    Quote Originally Posted by triplecrown333 View Post
    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.....
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  6. #41
    grease lightnin
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    Quote Originally Posted by Auto Donk View Post
    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.

  7. #42
    rkelly110
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    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.

  8. #43
    Auto Donk
    biden is an incestuous pedo!!!
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    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?

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