Gambling Taxes in Andorra

professional poker player taxes
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For professional gamblers, all gambling winnings and comps will be reported as business income on Schedule C, with allowable losses and other

Like most good poker related questions, the answer is “it depends” If you are a citizen, all poker winnings are taxable This applies to Americans playing

professional poker set As a general rule, a rate of 24% on winnings over $5,000 are usual Deductions Due to Expenses A poker professional can deduct a variety of

professional slot player In principle, winnings from participating in games of chance or betting are tax-free You therefore do not have to pay taxes on the sum you win