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07-17-2010 , 11:02 PM

spg203

journeyman

Join Date: Aug 2009 Posts: 205

Is it taxable income if you are a professional player?

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07-17-2010 , 11:26 PM

Aidan

Kroenke Out

Join Date: Sep 2009 Posts: 24,320

It is taxable income for anyone, ldo

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07-18-2010 , 04:46 AM

DiamondDog

Carpal \'Tunnel

Join Date: Jul 2007 Posts: 7,474

Quote:

Originally Posted by Aidan

It is taxable income for anyone, ldo

Not in the UK.

Here it would be regarded as part of winnings from gambling.

Therefore not taxable.

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07-18-2010 , 05:06 AM

Lego05

Carpal \'Tunnel

Join Date: Mar 2006 Posts: 25,682

Quote:

Originally Posted by spg203

Is it taxable income if you are a professional player?

In the U.S. ... Yes.

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07-18-2010 , 09:10 AM

donnyz89

old hand

Join Date: May 2010 Posts: 1,228

do we have to pay tax for money won from say... slot machine at the local casino?

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07-19-2010 , 06:09 PM

Lego05

Carpal \'Tunnel

Join Date: Mar 2006 Posts: 25,682

Quote:

Originally Posted by donnyz89

do we have to pay tax for money won from say... slot machine at the local casino?

Yes.

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07-20-2010 , 03:34 AM

profull

stranger

Join Date: Jul 2010 Posts: 13

In the uk there is no tax on gambling..they just tax the profits of the gamblinf\g companies...so you be fine there

Quote:

Originally Posted by spg203

Is it taxable income if you are a professional player?

Quote

150% up to $2,000 Welcome Bonus on CoinPoker

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Daily Rewards • Splash Pots • CoinRaces

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