Posted:
#1
Hi all,
Just to confirm, in the past, I lost at gambling, but I withdrew sometimes 2000$ no questions asked.
Are we supposed to declare our winnings at online gambling if it is less than 5000$? I mean, then if we do, should we also declare our losses?
I believe that the answer is no, unless you win something like 100 000$, which is huge money.
Thanks for sharing your experiences!
M
Just to confirm, in the past, I lost at gambling, but I withdrew sometimes 2000$ no questions asked.
Are we supposed to declare our winnings at online gambling if it is less than 5000$? I mean, then if we do, should we also declare our losses?
I believe that the answer is no, unless you win something like 100 000$, which is huge money.
Thanks for sharing your experiences!
M
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