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RE: Questions about Taxes and Withdrawals
@Claudio-NinjaBet said in Questions about Taxes and Withdrawals:
Hi @hydrokube ! You are taxed only on your net winnings if they are more than 600$. The bookmakers will send you a 1099. But you are only taxed on your net profit ;)
You can read here for example https://turbotax.intuit.com/tax-tips/general/tax-considerations-for-fantasy-sports-fans/L75xYecdS