Call me paranoid but in the slight chance of an audit I just want to make sure I’m squared away, I do okay money wise but 7K hitting my bank account I feel may raise a red flag may just have to think on this one
Assuming they’re even still up come tax time lol
Agreed think I will pay Uncle Sam what I owe and not stress
If I wasn’t on VPN I wouldn’t be stressing 
In coin base wallet now
I haven’t played on stake but a lot of the new generation Crypto sites do everything outside of explicitly telling you to use a VPN.
No verification at all (which is insane) I just signed up with a random address in Canada and I was set
Bonus buys including a full screen on dead or a wild which kicked off the run
I invest around 60-100 a session and just got blessed all month on bonus buys did huge buys on house money that paid off
The IRS has a section on form 1040 for illegal income. They even have a section and process for reporting and paying taxes on items you stole from a store. (Though I would just put yours under gambling) They don’t care where you got it from really. that’s where the mafia got in trouble. They get them for taxes, not for murdering people. You made money gambling. Report the income, pay taxes on it, and you’ll be fine.
No. They are super happy when you report it. So all okay
I am not a tax professional however my understanding is that the government lumps all gambling together. There are certain thresholds for getting W2Gs depending on the gambling activity (5k+ net for a poker tournament, 1.2k on a single slot pull, etc) but regardless, you are supposed to report and pay taxes on any amount of gambling winnings, whether you get paperwork for it or not.
Banks have to report deposits over 10k. People deposit thousands all the time. If that’s the only concern, I wouldn’t worry about it.
It’s really best. If it was only $500 dollars I would still pay taxes on it. 7K? Best bet your right ass cheek I’m not playing games with Uncle Sam
Lol damn you actually made money buying bonuses, and playing slots nice
Daaam no way? Thats crazy ! Soo it’s not a scam ? Do you use a VPN? I live in CA that’s why I’m worried I win then they screw me lol but hopefully not. You bought the bonuses and won ?!
Accountant buddy said the same thing think I’m just paranoid Lol thanks for the assurance
It’s not illegal income lol. The only illegal act is the banks accepting deposits or withdrawals of the $… and to go further the illegal act really is the gambling sites circumventing the system by fooling the banks. Gambling itself on offshore websites is not illegal by law. In fact, zero people (gambling customers) have ever been arrested for it as a result.
What a strange law geez
Arnold Rothstein used to list a shit ton of his bootlegging income as gambling proceeds.