I need to know for IRA purposes . i know i have to pay taxes but is it "earned" income or "unearned" . wasnt there a supreme court case which ruled poker winnings as "earned"? I had heard about this. Please help. THank you.
Please help- are online poker winnings earned or unearned income?
Call a CPA in Vegas. But otherwise, your CPA should know when you file your taxes.
Reply:The court decision was that poker tournaments have to declare their payouts after a certain amount similar to slots, keno and horse racing. As far as I know winnings are considered income just as wages and tips.
Reply:you must pay taxes on poker winnings in USA
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