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Author Topic: Are Gambling winnings taxable?  (Read 1695 times)

reachy

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Are Gambling winnings taxable?
« on: May 29, 2004, 05:12:45 PM »
Just curious... Probably they are in your state, but what about online???
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Ginatio

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Re: Are Gambling winnings taxable?
« Reply #1 on: May 29, 2004, 05:14:28 PM »
My motto is: If the money can't be traced to you, then it's not taxable...

Quote from: reachy on May 29, 2004, 05:12:45 PM
Just curious... Probably they are in your state, but what about online???
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thechoson

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Re: Are Gambling winnings taxable?
« Reply #2 on: May 29, 2004, 05:50:04 PM »
yes, it is taxable.  Losings are deductible from those winnings though.  But if you have net winning, then it is taxed
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