Okay, so here's the deal. I'm wondering how many of you actually pay taxes on your gambling winnings. I suppose if it's your only source of income it would look pretty suspicious to the IRS if you didn't report it as income on your yearly tax forms, but if it's part time, while not necessarily legal, some may just skip it altogether.
And just to clarify, this is not including things where the casino forces you to fill out a tax form, such as winning a jackpot. Obviously if you fill out a form because you have to, you pay taxes on that. I'm talking about the gambling income which you personally would have to be honest and report.
And just to clarify, this is not including things where the casino forces you to fill out a tax form, such as winning a jackpot. Obviously if you fill out a form because you have to, you pay taxes on that. I'm talking about the gambling income which you personally would have to be honest and report.