Can someone explain how this all works? New to the game this year, here are some questions I have:
1. Under $600 = no taxes?
2. Is over $600 taxed like normal income at your income bracket?
3. Is the $600 taxed as well or just what is over $600?
Can someone explain how this all works? New to the game this year, here are some questions I have:
1. Under $600 = no taxes?
2. Is over $600 taxed like normal income at your income bracket?
3. Is the $600 taxed as well or just what is over $600?
Thanks for the information.
Sports gambling was like a side job for me. I played poker with my friends every week. That was one of our most exciting activities. I realized really quickly that no matter how good you are, it's still gambling at the end of the day. Being good means you can typically get your money in with the odds in your favor, but that does not ensure that you won't still lose. I still go out with friends to play now and then, but I tend to play safe and enjoy doing it on judi online most.
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