How can I make betting for a living legal?

Trey M asked:


I make well enough a week to do it as a living. I just want to do it legally even pay taxes if I need to. I live in a state where gambling is not legal and no lottery, I don’t know how this would effect the process. I have no idea what to do about this, I feel like I am going to be audited.
I’m not in any trouble yet, I am just making alot of money and don’t know what to do with it.

Web Trader Pro
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3 Responses

  1. Moonsong Says:

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  3. FAH-Q Says:

    For gamblingthere are specific rules1 taxes must be paid on gambling winnings make so difference if it was illegal2 silver platter doctrine irs rules for gamblingthere are specific rules1 taxes must be prosecuted and claim you gamble illegally you can be tattletale3.