Taxes - dealing with casino/site income

I know this is last minute but I'm doing my taxes now.

How did you guys deal with online gambling income? Did you divide up the money you gained directly from a casino and the bonus you got from sites like casinocashunlimited?

I was trying to declare the income somehow without explicitly indicating that it is from offshore online casinos (illegal).

Any advice? I was thinking of declaring it as a hobby income.

I'd record it as misc income and leave it be.

Yeah, that's what I'm gonna do.

I bet you could chalk it up as a gift too (at least the casinocashunlimited payment) and get away without reporting it. I guess it just depends on how much you love america ;)

Hey howd you do playing online poker what was some of your favorites sites/ limits?

Don't worry, I'm still looking for my stupid bastard lawyer to do mine.

Unless you've received in excess of $600 from CasinoCashUnlimited.com this year, you don't [i98674f310f]have[/i98674f310f] to report it )

Thats what I was trying to say. I doubt casinocashunlimited will be reporting you, so they've no reason to investigate into your casinocashunlimited related earnings.

LOL you bastards are pulling me into the dark side.

NYC taxes suck.

[quote0d7c64cefc="FreeOffersNow"]Unless you've received in excess of $600 from CasinoCashUnlimited.com this year, you don't [i0d7c64cefc]have[/i0d7c64cefc] to report it )[/quote0d7c64cefc]

assuming you don't mind tax evasion

[quotea3f5b64a71="Admin"][quotea3f5b64a71="FreeOffersNow"]Unless you've received in excess of $600 from CasinoCashUnlimited.com this year, you don't [ia3f5b64a71]have[/ia3f5b64a71] to report it )[/quotea3f5b64a71]

assuming you don't mind tax evasion[/quotea3f5b64a71]


Up to $600 is considered a gift and doesn't have to be reported, as far as I know...not at all 100% sure though.

It still has to be reported by the user. It just doesn't have to be reported by CasinoCashUnlimited.