[PatInTheHat]

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Question:
How do I declare poker income that is still in US funds?

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uh....convert it?

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The rate is constantly changing though.... Just randomly pick a day and convert it? So lets say I file my return today and convert it at a rate of 1.18. Now when I actually cash it out the rate is 1.10 or something, I loose out no?

I'm curious because I wonder if you could get away with treating money on a site like an investment that you have not yet cashed.