Taxes
Can someone explain how taxes work for US players? I made a measly 2k this past month or so from $50. Do I have to report this?
Also, if someone from MSNL or HSNL can chime in and tell us how you pay your taxes just for curiosity's sake. Do you just net out your profits for the year and pay taxes on that? Do you keep track of each "session" ? Have you been audited?
I always wonder what people like aba do for their taxes since they are always winning or losing a few hundred grand any given day/week/month.
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