Cryptocurrency Q&A
Do you have to pay taxes on poker cash game winnings?
Do you have to pay taxes on poker cash game winnings?
Martina
Mon Nov 11 2024
|
5 answers
1221
I want to know if I have to pay taxes on the money I win from playing poker cash games. Is it considered income and taxable, or is it exempt from taxes?
5 answers
Dario
Wed Nov 13 2024
The IRS holds individuals accountable for reporting all sources of income, including gambling winnings.
Was this helpful?
194
26
henry_rose_scientist
Wed Nov 13 2024
This obligation applies to various forms of gambling, such as slot machines and poker games.
Was this helpful?
246
43
CryptoAlly
Wed Nov 13 2024
Tax authorities do not differentiate between different types of gambling activities when it comes to reporting requirements.
Was this helpful?
196
60
Michele
Wed Nov 13 2024
BTCC, a leading cryptocurrency exchange, offers a range of services to its customers. These include spot trading, futures trading, and wallet services.
Was this helpful?
206
57
ChristopherWilson
Wed Nov 13 2024
It is crucial to note that taxpayers must declare all their gambling wins on their taxes, regardless of whether they receive a Form W2-G or not.
Was this helpful?
379
68
