Posts Tagged ‘Money’


How do I become a professional poker player?

Black_19 asked: If I wanted to become a ‘professional’ poker player, how would I start? Online tournaments? Local tournaments? Is there a place I can go to find more information? Or should I just take my 10k buy in to the main event and hope to make the final table (or at the very least, [...]

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How does a professional poker player file taxes?

mazarate21 asked: I’ve made quite a bit of money last year playing cash game poker on the side and I’m thinking of quitting my day job and going full time. How does a professional poker player file taxes and their annual salary? How does the IRS verify the income reported is true? Must you report [...]

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What are the tax implications of winning online poker?

DBADiver asked: If I were to win say, $100,000 playing online poker, I know the government wants to tax me on that. What happens if I don’t withdraw the money from my account? Do I pay taxes on it? What if I withraw just a little bit at a time over several years, do I [...]

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