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Old 12-06-2004, 02:35 PM   #11
mmm3587
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Join Date: Apr 2003
Posts: 1,236
Since this place is dead...

Another hypothetical question:

Internet gambling is illegal, right? So, let's say that I have been gambling (after funding via my credit card) at PartyPoker.com. I have been somewhat successful. When I cash out, what's the safest way to do it? What's my chance of being caught? Should I declare this as income on 2004 taxes if I cash out before the end of the year? I suppose it offsets gambling losses from traditional gambling, but I don't like the idea of a paper trail to my bank account...
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