Re: Awkward tax situation.
It's sort of like asking whether or not you should report your profit on crack sales because you were 17 at the time. The US gov feels online gambling is illegal regardless of your age. However, legally you have to report all revenue even if it is derived from an illegal source.
I'm not an accountant but my advice would be to just declare the income like a thousand other people on this message board do and your legal exposure should be no greater or less than their's.
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