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Full Version: What If You Are Under 21 Years Old And Report Your Earning As "gambling"?
MoneyMakerGroup > MoneyMaking: Markets, Real Estate, Banking, and Investments > Personal Finance > Taxes & Legal Discussion
bietddiveddau
Jan 27 2006, 11:03 PM
I really want to get a clear answer as to report my earning and i'm under 21.
thank you
trustint
Jan 28 2006, 08:11 AM
QUOTE(bietddiveddau @ Jan 27 2006, 11:03 PM) [snapback]1002550[/snapback]

I really want to get a clear answer as to report my earning and i'm under 21.
thank you

this is not a problem with offshore bookies
bietddiveddau
Jan 28 2006, 09:10 AM
i'm sorry but can you take a min of your time and explain "offshore" for me please thank you greatly.
ADC Services
Jan 29 2006, 12:08 AM
Not that it pertains to anything, but some states in the U.S., you have to be 18 to gamble. If you are at least 18, you should be ok claiming it as gambling.
bietddiveddau
Jan 29 2006, 08:53 PM
oh ok thank you sir. im at least 18 =)
pukebox
Jan 31 2006, 04:38 AM
I thought you have to be 21 to file taxes?
Or maybe it's just in my country tongue4.gif
gluttonne
Feb 14 2006, 08:48 AM
QUOTE(pukebox @ Jan 31 2006, 07:38 AM) [snapback]1047572[/snapback]

I thought you have to be 21 to file taxes?
Or maybe it's just in my country tongue4.gif


in the us, if you make enough money, you have to file taxes. that's just how it goes.
saladys
Apr 3 2006, 08:21 PM
QUOTE(gluttonne @ Feb 14 2006, 10:48 AM) [snapback]1208956[/snapback]

in the us, if you make enough money, you have to file taxes. that's just how it goes.

Where do you gamble? If a legal casino or racetrack pays you the IRS takes their cut right away if its unreported dont worry about it.
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