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Reply To: For tax purposes; what do we call what we do???

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Anonymous
Inactive

Just remember if you ever get audited… you have to prove you won that money. If you get audited they will look at each and every transaction in your bank account, every amount going in they will question. Every amount going in will automatically be assumed to be income unless you can prove differently. It’s why when I lend people money for instance I expect to be paid cash versus by check – this response is for shotgunpete.