Taking a break from Poker - LONG & Low Content

[SteveL91]

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[img]/images/graemlins/laugh.gif[/img] I don't have to worry about the IRS yet because I only cashed out small $s. Most of the money I have is still in my account and you don't have to worry about it until you cash out!

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As far as I know, this isn't true, and it isn't treated like capital gains. You might want to ask an accountant before you do anything, especially if you're talking about a significant amount of money. I don't think the IRS will go after you for a couple thousand, but better safe than sorry.

Good luck.