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Questions tagged [cash game winnings]

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Martina Martina Mon Nov 11 2024 | 5 answers 1221

Do you have to pay taxes on poker cash game winnings?

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?

Do you have to pay taxes on poker cash game winnings?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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