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Are Gambling winnings taxable?

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reachy:
Just curious... Probably they are in your state, but what about online???

Ginatio:
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???

--- End quote ---

thechoson:
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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