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Dameyon88
Enthusiast
Silver Level
hey, I play poker on ignition casino, from south carolina, and i was wondering what do i have to do to please or avoid the irs. Do i have to write down all my deposit and withdrawals. Winnings and loses, what are the necassary steps i got to take? because im under the impression, if i win a lot, then deposit it to my bank, my bank will let irs know of suspicious activity, and then they put an audit on me i guess, then they come visit me and i go to jail. how do i avoid this is what im asking, because this is all new to me?
from what i can understand from doing research, u have to fill out some form thing during taxes and write down online gambling i guess, then write down how much u make idk. I would really appreciate any info on this subject of online poker and taxes. because i would hate to have won a ton, then spend it, then later on the irs comes after me for something i dont quite understand. I live with my parents and my 1st job was several months ago, im new to all these things. Also, I did win about 931$ and had a check ship to me, my bank cleared it, and I spent the cash. even the laptop im using now is from that cash lol. could that deposit come to haunt me in the future? usually my checks from my jobs is about 300 on average. 931 showing up on my checkings account would look suspicious right?
from what i can understand from doing research, u have to fill out some form thing during taxes and write down online gambling i guess, then write down how much u make idk. I would really appreciate any info on this subject of online poker and taxes. because i would hate to have won a ton, then spend it, then later on the irs comes after me for something i dont quite understand. I live with my parents and my 1st job was several months ago, im new to all these things. Also, I did win about 931$ and had a check ship to me, my bank cleared it, and I spent the cash. even the laptop im using now is from that cash lol. could that deposit come to haunt me in the future? usually my checks from my jobs is about 300 on average. 931 showing up on my checkings account would look suspicious right?