How does taxes work in regards to winnings from an off-shore sportsbook/casino? – /r/Gambling
Let’s say you have got $20k in a site like Bovada, switch this by way of LTC to a center man pockets like Exodus then over to Coinbase the place you promote the LTC for money to put in your financial institution. How does one go about this so Uncle Sam doesn’t come pestering you? Off-shore due to residing in a state the place it’s not unlawful for one to place a wager however unlawful for a sportsbook to function and take your motion. Thanks!
submitted by /u/jchavez9723
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#taxes #work #winnings #offshore #sportsbookcasino
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UbetMobile.com Article Base: How does taxes work in regards to winnings from an off-shore sportsbook/casino? uBetMobile – 2023
This publish discusses how to switch winnings from a gambling site like Bovada to a checking account with out the federal government being conscious. It suggests utilizing a center man pockets like Exodus after which transferring the money to Coinbase. It additionally suggests utilizing an off-shore account due to some states making it unlawful for a sportsbook to function and take motion. This publish is notable as a result of it supplies a useful resolution to a standard problem.
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