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[QUOTE="kceow2981, post: 4243947, member: 310015"]
I've always wondered how this works, does anyone know?  I want to lay out 2 scenarios and I wonder how they would work and how they would be different.

Scenario #1:
Say I lived in New Jersey and played poker on PokerStars full time and made say $100,000 in profits a year.  Since online poker is legal and regulated here, then you can declare this as your official income and pay taxes on it right? (Side question, how much would I pay in taxes for this amount?)

Scenario #2:
Now say I lived somewhere else in the USA where online poker isn't specifically made legal, and I needed to play on Ignition or Americas Card Room. Could I declare my winnings on one of these sites as my official income and pay taxes on it legally?  Or would this not be legal, and you would have to like keep this money under the table/away from the government somehow?  Does anyone know this? I've always wondered. (By the way I make literally $0 so far so this isn't a problem for me lmao. I'm currently still a losing player at the micro stakes.)
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