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Noob tax question

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Prospect
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Posted: #1
I know I'm going to get allot of hate on this.... But! I made around 20k on nitrogen, I withdraw to local bitcoin, and withdraw using cash in mail option.... Now for the real question is... How do I claim this on taxes, I live in MD not sure if it's legal or illegal, but I don't want to get arrested for claiming it on my taxes. HELP. Please(:
 
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Posted: #2
For you to laundry this money with a clean 50% return buy every combination in a pick 3 lotto from 000-999 it takes a little work making out the tickets divide the 20000 into a 20000 make each bet for one dollar. Collect the 20 winners under from the state and pay the tax without any further involvement.or go to Dover downss twenty times buy a white chip play one game at the end pile the chips up blacks greens ect take the wg1099 and have a nice day.
 
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Posted: #3
Of the two buy a two racks of five chips place a bet of min on the bet and the plus factor around 3 continue to play if a win with the houses money taake remaining chips and color up att the end day twenty one bring back their chips they will do a 1099 form the feds. Will be paid when you do your taxes simple I got on a hot are streak at Dover. Such a modest sum it will float. Good luck.
 
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Posted: #4
Quote Originally Posted by nature1970:

For you to laundry this money with a clean 50% return buy every combination in a pick 3 lotto from 000-999 it takes a little work making out the tickets divide the 20000 into a 20000 make each bet for one dollar. Collect the 20 winners under from the state and pay the tax without any further involvement.or go to Dover downss twenty times buy a white chip play one game at the end pile the chips up blacks greens ect take the wg1099 and have a nice day.

Did you just tell someone to launder untraceable income by buying lottery tickets?

 
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Posted: #5
Quote Originally Posted by Cwalt664:

I know I'm going to get allot of hate on this.... But! I made around 20k on nitrogen, I withdraw to local bitcoin, and withdraw using cash in mail option.... Now for the real question is... How do I claim this on taxes, I live in MD not sure if it's legal or illegal, but I don't want to get arrested for claiming it on my taxes. HELP. Please(:
Posted using a mobile law enforcement device.
 
We have no idea how to do such illegal things here officer 
 
Prospect
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Posted: #6
Talk to the police. They might have answers for you. duh! 
 
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Posted: #7
Nitrogen is a ........drug,exchange,betting option,an off-shore???
Withdraw to bitcoin and then withdraw cash by mail,during all the transactions when and how did you file  a W2G or were you required to to give your SS#?
If there was no W2G or SS# given,nobody knows what you got,where you got.or how you got.
Proceed as if this $ was found in the dark.
 
 
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Posted: #8
Collect the 20 winners under from the state and pay the tax without any further involvement.or go to Dover downss twenty times buy a white chip play one game at the end pile the chips up blacks greens ect take the wg1099

good point

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