Party Poker/Gen Question

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smooth not rich
Joined
Mar 21, 2005
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Are winnings on this or any other site taxable?
Also, how long does it take PP to release $, asked for a withdrawl to my Neteller 7 days ago..........still in my account at PP.......Thanks
 

I'll be in the Bar..With my head on the Bar
Joined
Oct 3, 2004
Messages
9,980
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yes they are fully taxable both federal and state....the SITE however has nothing to do with it no does neteller....YOU are responsible for self reporting the income. as long as the transactions are small and the irs does not audit the account you are transfering them into you should have no problem...you move more than 3000 at a time however your bank may be reporting these transactions......
 

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