poker tournament taxes
When do you have to start considering taxes for poker winnings?
poker tournament taxes
poker tournament taxes
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poker tournament taxes If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding 2007-38, considered tournament poker a wagering activity and treated poker players' loss of the buy-in as losses from wagering transactions When will I get a W-2G form? · $1,200 or more on slots or bingo · $1,500 or more on keno · $5,000 or more in poker tournaments · $600 or more on other games, such