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  #20  
Old 08-02-05, 06:00 PM
kllackus
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Posts: n/a
Pennsylvania

A few years ago i cashed out twice from an online poker site and received 2 seperate checks and deposited both of them. They totaled about 700 dollars. Now i didn't bother to report that as income in any way. Should i have? What about if i cash out and receive checks this year? Do i report it as poker winnings and how do i determine poker losses? Basically can you get away with depositing checks from one of these sites without getting audited down the road and having to pay tax on it?