Full Version: Hyips & Income Tax
MoneyMakerGroup > MoneyMaking: Markets, Real Estate, Banking, and Investments > Personal Finance > Taxes & Legal Discussion
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does any one know the excepted methodology for reporting income made from hyip investment?Example : gambling profit? Other income ? and so on.....
QUOTE(johnnyCASH @ Feb 4 2006, 03:43 PM) [snapback]1106436[/snapback] does any one know the excepted methodology for reporting income made from hyip investment?Example : gambling profit? Other income ? and so on..... you posted this in the wrong section...however it should be as gambling winnings....if you are gonna claim it. banks wont tell irs unless you deposit 3000 usd in 30 day period. QUOTE(rcsoco @ Feb 4 2006, 07:18 PM) [snapback]1107860[/snapback] you posted this in the wrong section...however it should be as gambling winnings....if you are gonna claim it. banks wont tell irs unless you deposit 3000 usd in 30 day period. ty for ur reply it is much appreciated ! i will try to post in the right place nxt time ty again -johnny 
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