Re: Taxes and Investing
Withdrawing money to a bank account doesn't have any effect on taxes. Neither does taking cash and using it as a bankroll in Vegas. Taxes are determined by the net amount you win if a pro and gross amount you win - deducted losses if you are not. There is a lot of wiggle room but none that says you don't have to declare until you remove your money from a poker site.
Krishan
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