What Taxes Are Due on Gambling Winnings?

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poker tournaments on or after March 4, 2008; or proceeds from a wagering transaction (including a wagering transaction in a casino, a parimutuel pool with

Yeah, I love tournament poker but can't imagine playing live tournaments for a living poker can be taxed at 60% But I Googled it and This publication provides general information and is not meant to be a substitute for tax laws or regulations More than $5,000 from a poker tournament To

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