Additional issues may exist that could affect the Federal tax treatment of the transaction or matter that is the subject of this article and the article does not consider or provide a conclusion with respect to any additional issues. This article is limited to one or more Federal tax issues. Given the out-and-out lies and falsehoods that I see on the Internet, I’m going to present an in-depth guide to online gambling and taxes in the USA.ĭisclaimer: We are not providing legal or tax advice here. Several individuals have asked me to give an overview of online gambling and taxes. And yes, I claim my winnings on my tax return. I’ve been playing competitive poker, including tournaments, for several years. Since it’s that time again I decided to update this article to provide more concise answers to common questions about paying taxes on online gambling winnings in the US.
Around April 15th this page starts getting a lot of visitors.
