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Message: [QUOTE="toshiba, post: 2525721, member: 126617"] As a tax professional. I can only inform you that #1 any income from gambling should be reported on your 1040. #2 There are many tax breaks that you can take advantage of #3 I am not your lawyer nor work for the irs. It's your tax return. If you choose not to report gambling income, that is entirely up to you. #4 Your total income determines your tax bracket. #5 If you have tax questions, please do not take any tax advice from someone that will not be signing your tax return. While in some instances they may love you and not want to see any anything bad happen to you, they will not be standing next to you in tax court or during an audit. Just a friendly advice from an american tax professional [/QUOTE]